Sixty days end with no Security Council-backed final deal
The memorandum the United States and Iran signed on 17 June expired on Monday, its 60-day negotiating period having produced no broader agreement. Al Jazeera reported that the memorandum Donald Trump and Masoud Pezeshkian signed ends on Monday and that neither capital has offered to extend it. The text promised a final deal, endorsed by the UN Security Council, within 60 days; that deal was never written. Under the memorandum, Washington was to lift its naval blockade within 30 days, terminate sanctions, issue waivers for Iranian oil exports and begin a reconstruction package of at least 300 billion dollars. Tehran was to clear mines from the Strait of Hormuz, allow ships to pass free of charge for 60 days and reaffirm that it would not seek nuclear weapons. Trump declared the agreement finished on 7 July, and Iranian officials said they had suspended their own commitments in turn. Foreign Minister Abbas Araghchi said on Friday that the memorandum recorded the end of the war rather than a ceasefire, so there was no 60-day clock to extend.[2], [1]
