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World 18 Jun 2026

US-Iran deal leaves core sticking points unresolved - and a $300bn question

Trump has insisted the deal ensures that Iran will never buy, develop or produce a nuclear weapon. But text of the agreement falls short of that.

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The US-Iran memorandum of understanding announced on Wednesday amounts to a reopening of the Strait of Hormuz, and a deal to try to reach a final agreement on almost everything else. But new details released by US officials in a call with reporters confirm both countries still have a long way to go to reach a comprehensive final peace agreement that achieves Trump's primary goal of stopping Iran from ever developing nuclear weapons. Trump has insisted the deal ensures that Iran will never buy, develop or produce a nuclear weapon. It took the Obama administration 20 months of negotiations to reach the original Iran nuclear deal in 2015. Can the Trump administration do that in just two months? For now, the text of the deal only commits Iran to "downblending" its stockpile of highly enriched uranium, under the supervision of the International Atomic Energy Agency (IAEA). A senior US official on Wednesday called it a "significant concession" by Iran. Trump has also said the US will not provide any money to Iran.

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