PANews reported on June 15th that, according to foreign media reports cited by Jinshi, Pakistani Prime Minister Shahbaz announced on Sunday that the United States and Iran have declared an end to hostilities. The two sides are expected to hold a formal signing ceremony in Switzerland this Friday (June 19th), followed by more detailed nuclear negotiations. Shahbaz posted on the X platform: "A peace agreement has been reached between the United States of America and the Islamic Republic of Iran. Both sides have declared an immediate and permanent cessation of military operations on all fronts, including in Lebanon." He added that the agreement "is now in effect." Trump confirmed the news, stating that he is currently lifting the US blockade and expects Iran to open the Strait of Hormuz. Iran has also responded.

According to CCTV, Iranian Deputy Foreign Minister Gharibabadi stated on the 15th local time that the text of the memorandum of understanding from Islamabad has been finalized and will be formally signed in Switzerland this Friday (June 19). He said, "Iran's military strength and threats helped finalize the text. We only agreed to sign the memorandum of understanding after our final demands were incorporated into the text."

Iran's Mehr News Agency released the detailed terms of the 14-point memorandum of understanding between Iran and the United States:

• 1. A permanent and immediate cessation of the war on all fronts, including Lebanon.
• 2. The United States pledged not to interfere in Iran's internal affairs and to respect Iran's sovereignty.
• 3. Completely lift the naval blockade against Iran within 30 days.
• 4. The United States pledged to withdraw troops from the area surrounding Iran.
• 5. The Strait of Hormuz will reopen within 30 days, arranged by Iran.
• 6. Suspend sanctions on the sale of Iranian oil, petrochemical products and their derivatives, and allow Iran full access to its financial resources.
• 7. The United States and its allies need to provide Iran with at least $300 billion in reconstruction funding.
• 8. Reach a final agreement on the nuclear issue within 60 days and fully lift major and minor U.S. sanctions on Iran, as well as resolutions of the UN Security Council and the Board of Governors of the International Atomic Energy Agency.
• 9. Reaffirm Iran's commitment not to develop nuclear weapons under the Treaty on the Non-Proliferation of Nuclear Weapons.
• 10. During the negotiations, the United States pledged not to send additional troops to the region or to impose new sanctions.
• 11. Release $24 billion in funds frozen by Iran during the 60-day final negotiations. Half of this must be provided to Iran before the negotiations begin.
• 12. Establish a monitoring mechanism to ensure the implementation of the agreement.
• 13. The final agreement will be approved by a UN Security Council resolution.
• 14. Final negotiations will only begin after half of Iran's frozen funds are unfrozen, sanctions on Iranian oil are suspended, and the naval blockade is lifted. The final agreement will only cover the future of enriched uranium materials and the enrichment process, the lifting of sanctions, and Iran's economic reconstruction plan. Issues concerning Iran's missile program and support for resistance groups have been explicitly removed from the agenda.