Hormuz to fully reopen Friday, release of MoU text afterward: Trump

US President Donald Trump announced on Monday the text of the MoU with Iran will be published after Friday, when the two sides will sign the document in Switzerland. He also vowed that the Strait of Hormuz will be fully reopened on the same day. US Vice President JD Vance said the Iran deal was signed digitally on Sunday but no money would be released until it performs its obligations. Trump has dismissed reports that Washington would provide USD 300 million to Tehran under the newly announced peace agreement as "fake news." In a post on Truth Social, Trump reiterated his administration's position that the agreement with Iran would ensure that Tehran does not develop nuclear weapons.

Iranian President Masoud Pezeshkian has described the memorandum of understanding (MoU) between Iran and the United States as the outcome of months of negotiations and sustained diplomatic efforts, saying that its successful implementation could become a source of national pride. In a post on X, Pezeshkian praised officials and institutions involved in the negotiations that culminated in the agreement, which is expected to be formally signed later this week. "The memorandum of understanding that has been drafted is the result of months of dialogue and persistent follow-ups in this regard, and if all its provisions are properly implemented, it can be considered a document of pride for the country," Pezeshkian wrote.
Vice President JD Vance has said  that the US-Iran agreement is designed to ensure Tehran never obtains a nuclear weapon, saying Iran is currently agreeing to eliminate its enriched uranium stockpile as part of the framework. "They're agreeing right now to eliminate the enriched stockpile. And if they don't get to a point where they agree to stop enriching, then they don't get the other benefits of the bargain," Vance said.

The President has been clear from day one: Iran will never have a nuclear weapon.

Once again, President Trump's efforts to establish peace have paid off for the American people, despite countless attempts to thwart it by people who hate America and President Trump. pic.twitter.com/w9SWDRCOsZ

— JD Vance (@JDVance) June 15, 2026

CIA Director John Ratcliffe told President Donald Trump and senior US officials that intelligence assessments raise serious doubts about Iran’s willingness to make the nuclear concessions sought by Washington in any final agreement, according to three sources familiar with the discussions, Axios reported on Monday.