The United States and Iran will sign a temporary agreement on Friday in Switzerland to end the war, which will immediately allow Tehran to resume oil sales and see the Strait of Hormuz “fully open” by Friday, US President Donald Trump and other officials said on Tuesday.
Speaking on the sidelines of the G7 summit in the French city of Evian, Trump confirmed that ships have already “started passing” through the strait, coinciding with the entry into force of the agreement to end the war with Iran. The reopening follows Sunday’s announcement by Washington and Tehran that they had reached a peace agreement, which includes lifting the naval blockade on Iranian ports and reopening the Strait of Hormuz.
Regarding the provisions of the US-Iranian memorandum of understanding, Trump stated: “We will publish the text of the agreement with Iran” during a press conference within two days.
Under the agreement to end the war, the US will allow Iran to begin selling oil and fuel immediately, The Wall Street Journal reported on Tuesday, citing informed sources. The clause lifting sanctions on oil sales goes into effect immediately upon signing the agreement on Friday and includes necessary services to facilitate sales, including banking, transport, and insurance.
However, a senior US official told the newspaper that despite Iran receiving immediate waivers from sanctions on oil sales, the continuation of these waivers will be linked to Iran’s performance regarding issues like opening the Strait of Hormuz and its nuclear programme. The official added that Tehran will not have immediate access to billions of dollars in frozen funds.
The Swiss government confirmed on Tuesday that the temporary US-Iranian agreement aimed at ending the war in the Middle East could be signed at the Bürgenstock resort in central Switzerland on Friday. The Swiss Foreign Ministry said in a statement it was in close contact with the United States, Iran, Pakistan, and Qatar regarding the possibility of signing what it described as a memorandum of understanding between Washington and Tehran.
“At this stage, the agreement is scheduled to be signed on Friday, June 19, in Bürgenstock in the canton of Nidwalden. The Pakistani and Qatari mediators, in addition to the United States and Iran, proposed this location,” the ministry added.
Following the official entry into force of the interim agreement, Iran and the United States will begin a new round of negotiations on Friday in Switzerland to reach a final agreement, according to Iranian Foreign Minister Abbas Araghchi.
News outlet Axios reported that US Vice President JD Vance and US envoys Steve Witkoff and Jared Kushner will meet on Friday with Iran’s chief negotiator and Parliament Speaker Mohammad Ghalibaf, as well as Araghchi, alongside mediators from Pakistan and Qatar to discuss the next phase of the agreement.
Iranian President Masoud Pezeshkian said on Tuesday that what was agreed upon with the United States is an “important step towards stopping the war, and starting negotiations.” However, Iran’s official Al-Alam television quoted Pezeshkian as saying that a final agreement has not yet been reached, noting that Tehran is “ready for all possibilities.”
Separately, on the sidelines of the G7 summit in Evian, Trump said that Israeli Prime Minister Benjamin Netanyahu must act more responsibly towards Lebanon.
“I told Israel that I do not like its attack on Beirut,” Trump said, adding: “I suggested to Israel that Syria handle Hezbollah.”
