US, Iran Prepare for Deal Signing as Financial Details Emerge

June 17, 2026, 1:08 AM UTC

The US and Iran are preparing to formally sign an interim peace deal that has left both sides claiming victory, with details of the accord still emerging and energy insiders skeptical of how fast it can reopen the Strait of Hormuz.

The text of the so-called memorandum of understanding — which opens the way to two months of negotiations on Iran’s nuclear program and other issues — has yet to be published. A near-final draft seen by Bloomberg News shows Iran set to receive sanctions waivers that allow it to sell oil immediately, with other financial incentives deferred.

Read ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.