The U.S. and Iran have reached a 14-point agreement to end their war and restore commercial shipping through the Strait of Hormuz [1, 2].

This deal represents a significant attempt to stabilize one of the world's most volatile maritime corridors and prevent a wider regional conflict. The agreement follows a high-level meeting in the White House Situation Room on May 29, 2026 [3].

The memorandum of understanding, which was publicly announced on Sunday, May 31, 2026 [4], outlines a framework to extend the current cease-fire [2]. Central to the 14 points are concessions regarding Lebanon, the status of the Strait of Hormuz, and the regulation of uranium enrichment [1, 5].

According to the terms of the agreement, there is a 60-day implementation clock to put the measures into effect [6]. The primary goal of the plan is to end the ongoing conflict and ensure that commercial traffic can safely navigate the Strait of Hormuz while addressing broader security concerns [2, 1].

Reports on the finality of the deal vary. Some sources indicate the peace plan has been fully revealed and finalized [5]. However, other reports suggest that President Donald Trump has not yet made a final decision on whether to move forward with the agreement [3].

Additionally, critics of the memorandum said the document leaves many crucial questions unanswered despite the 14 points of discussion [1]. The agreement's success depends on whether both nations adhere to the timeline, and the specific concessions regarding regional influence and nuclear capabilities [1, 5].

The United States and Iran have reached a deal to end their war.

The memorandum marks a pivot toward diplomatic resolution in a region where maritime security directly impacts global energy prices. By linking the reopening of the Strait of Hormuz to uranium enrichment and Lebanese security, the U.S. is attempting a comprehensive regional bargain rather than a narrow cease-fire. However, the conflicting reports regarding the deal's finality suggest that significant political friction remains between the White House and the negotiators.