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Baghaei says 60-day talks period already begun after agreement

Jun 17, 2026, 23:18 GMT+1

Iranian Foreign Ministry spokesperson Esmaeil Baghaei said the work under the agreement has already begun, adding that a 60-day period for discussions between Iran and the United States is now underway.

"From the time this agreement is signed, which essentially starts from now, we are supposed to hold talks over two issues for 60 days. As for the 60 days, the sooner we reach a conclusion, the happier we will be. If we can reach an agreement within 30 days, it would certainly be better for us, because every day that we can lift the unjust sanctions is in our interest," official media cited Baghaei as saying.

If necessary, it can be extended by mutual agreement. But since our negotiations have always been results-oriented and focused on outcomes, our effort is to reach a conclusion on these two issues in the shortest possible time. The issues of sanctions lifting and nuclear matters will be finalized; this is our approach, and our effort is to complete this within this timeframe," he added.

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Persian text of Iran-US memorandum also signed by both sides - report

Jun 17, 2026, 23:02 GMT+1

A source close to the negotiating team, cited by IRGC-affiliated Tasnim News Agency on Wednesday said that following Iran’s insistence, the Persian version of the memorandum of understanding between Iran and the United States has also been signed as an official document by both sides.

The source said the step ensures the Persian text is recognized as an official reference alongside the agreement.

US says Iran won't get funds upfront under MoU

Jun 17, 2026, 22:24 GMT+1
US says Iran won't get funds upfront under MoU
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A rusting shipwreck lies partially submerged in the Strait of Hormuz, June 2026

Senior US officials sought to clarify key provisions of the memorandum of understanding (MoU) with Iran, pushing back against reports that Tehran would receive access to frozen assets, sanctions relief or a multibillion-dollar reconstruction package upon signing the agreement.

The clarifications came after the text of the 14-point memorandum finally emerged on Wednesday, triggering a wave of reactions, competing interpretations and political criticism in both Tehran and Washington.

Speaking on a background call after the text was made public, the officials said the agreement does not commit Washington to any immediate economic concessions, but instead creates a framework under which incentives would be tied to Iranian compliance and progress toward a final deal.

The comments appeared aimed at countering interpretations in Iranian media that the memorandum would unlock large-scale financial benefits for Tehran before a comprehensive agreement is reached.

Addressing a provision in the MoU to create a reconstruction and economic development plan worth at least $300 billion, the officials said the language does not require the United States to contribute funds or provide direct financial assistance to Iran.

Instead, they said the provision would allow sanctions relief in the future if Iran fulfills its commitments, enabling third countries and private investors to participate in projects inside Iran.

The officials also stressed that any sanctions relief would be linked directly to progress on nuclear issues, meaning Tehran would only receive economic benefits in exchange for verifiable nuclear concessions, including the disposal of its stockpile of highly enriched uranium.

Frozen assets

The administration offered its strongest clarification on the issue of frozen Iranian assets.

Iran had originally sought access to restricted funds immediately upon signing the memorandum, according to the officials, but the final text tied any release of assets to implementation of the agreement and progress toward a broader settlement.

The officials said Iran ultimately accepted that no funds would be released automatically upon signing the MoU and that access to frozen assets would depend on what they described as demonstrable good behavior and compliance with the framework.

Some frozen assets could be released during the negotiation period, they added, if Iran takes concrete steps demanded by Washington, including actions related to its nuclear program.

Strait of Hormuz

The officials also downplayed broader interpretations of the memorandum's provisions on the Strait of Hormuz, saying the relevant sections are focused on reopening the waterway and ensuring the free flow of commercial shipping.

They said the agreement is intended to restore navigation through the strait rather than establish a wider security framework for the Persian Gulf.

The officials said they beleieve regional countries would never agree to an arrangement that doesn't permit toll-free access to the Strait of Hormuz.

Miltary assets

The officials further indicated that the United States does not plan to immediately reduce its military posture in the region following the signing of the memorandum. Any future adjustments, they said, would depend on Iranian compliance and progress toward a broader agreement.

They also described direct communication channels established during the conflict between US forces and the Islamic Revolutionary Guard Corps as one of the factors that made the negotiations easier.

According to the officials, those channels reduced the risk of misunderstandings and allowed messages to be exchanged more quickly during both the fighting and subsequent diplomatic efforts.

Officials also rejected suggestions that the memorandum excludes nuclear issues, noting that the text explicitly commits both sides to negotiations over Iran's enriched uranium stockpile and broader nuclear activities.

The memorandum follows weeks of diplomacy led by regional mediators, particularly Pakistan and Qatar, aimed at ending a conflict that began on Feb. 28 when the United States and Israel launched strikes on Iran.

The framework is intended to halt the fighting, reopen the Strait of Hormuz and create a pathway toward a broader agreement.

The memorandum is expected to be formally signed later this week, after which negotiators will begin work on a final agreement envisioned under the framework.

Hardline outlet questions fate of frozen Iranian assets under agreement

Jun 17, 2026, 22:12 GMT+1

Hardline outlet Rajanews said on Wednesday that the future of Iran’s frozen funds and restricted assets remains unclear under the newly released agreement, adding that news about the immediate release of a portion of blocked resources are not reflected in the text.

“Access to Iranian funds appears dependent on further Iran-US discussions, with no clear definition of how or whether the resources will be made directly available to Tehran,” it said.

“In addition, there is no clear definition of ‘Iran’s access to resources,’ and it is unclear whether these resources will be placed at Iran’s disposal or whether their expenditure will be limited to specific cases approved by the United States. The importance of this issue becomes even greater given that Trump and Vance have explicitly stated that no money will be directly placed at Iran’s disposal,” the post said on X.

Iran only secured temporary easing of blockade, hardline influencer says

Jun 17, 2026, 21:56 GMT+1

Hardline influencer Ehsan Hosseini said on Wednesday that according to the text of MoU, Iran only secured a temporary easing of a maritime blockade, arguing that the measure had been introduced during the negotiations and presented as a concession.

"According to the text of the agreement, the only concession Iran has received from America is the temporary lifting of the naval blockade. Interestingly, this very blockade was imposed against Iran during the negotiation period and then sold to us as a concession. In other words, in the negotiations, we burned a field achievement in closing Strait of Hormuz," he posted on X.

Hardline figure rebukes critics of Iran-US understanding after text release

Jun 17, 2026, 21:50 GMT+1

Iranian hardline figure Jalal Rashidikoochi criticized opponents of the newly released Iran-US understanding on Wednesday, challenging them to identify provisions that allegedly undermined Iran's sovereignty or national interests.

"Gentlemen with lofty claims, exactly which part of this text makes us a colony of America? You foul-mouthed gentlemen, which clause of this memorandum was contrary to the country's interests that you accused the men of the battlefield and diplomacy of spying?" he posted on X.

"Shame on you for thus, out of political grudges and vendettas, gambling away national security and paving the way for insults and vulgarity born of distrust toward the authority. You have become the disgraced ones of history, and I hope the judiciary and security institutions, by dealing with this group properly and correctly, will show that they do not act with double standards in their dealings," Rashidikoochi added.