US and Iran Near Deal to End 107-Day War

The 107-day U.S.-Iran war has been the defining geopolitical crisis of the week. A potential deal would reopen the Strait of Hormuz, reshape global energy markets, and mark a major foreign policy turning point — but the disputed timeline and continued military skirmishes make the outcome deeply uncertain.

The Morning Brief Desk · Sunday, June 14, 2026 · Updated June 18, 2026 · How the Brief is made

Sources: AP News, Axios, BBC World +1

The United States and Iran moved this week toward a potential agreement to end their 107-day war, with President Trump saying a “great settlement” had been reached and a signing could occur as early as Sunday. Three regional officials told The Associated Press on Friday that both sides were close to finalizing terms. Tehran pushed back, calling reports of a completed deal “speculative” and saying “nothing” had been finalized.

The proposed memorandum of understanding would reopen the Strait of Hormuz immediately and without tolls. Iran would receive phased sanctions relief tied to compliance. Negotiations continued through the weekend. The two sides still disputed the signing timeline, and continued military skirmishes kept the outcome far from certain.

Sources

AP News
US and Iran are close to a deal to end their war, officials say
The United States and Iran are close to signing an agreement aimed at ending their war, according to three regional officials who spoke Friday to The Associated Press.
Axios
What’s in the Iran deal Trump says he’s ready to sign
The U.S.-Iran memorandum of understanding calls for the Strait of Hormuz to reopen immediately without tolls and for Iran to receive sanctions relief based on compliance.
BBC World
Tehran says ‘nothing’ finalised after Trump claims deal to end Iran war near
Iran calls reports of a deal ‘speculative’ after Trump says a ‘great settlement’ to end the conflict has been reached.
Al Jazeera
Iran war day 107: Washington, Tehran close to signing first stage of deal
Trump says a deal to stop the Iran war could be signed as early as Sunday, but Tehran downplays his optimism.