US and Iran to Sign Historic Peace Memorandum in Switzerland

The United States and Iran are set to sign a 14-point draft memorandum in Switzerland on June 19. It calls for an immediate ceasefire, mutual recognition of sovereignty, and a commitment to refrain from future military action. Under the proposal, a 60-day negotiation period could lift a naval blockade, restore maritime traffic, and launch a $300 billion economic recovery programme for Iran. It also outlines gradual sanctions relief, nuclear commitments, and the phased release of frozen assets. The draft calls for joint oversight and aims to submit a final agreement to the UN Security Council. Neither government has officially confirmed the details, but if signed, this deal would mark a major diplomatic breakthrough.

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