Iran urges US to honor Islamabad framework amid Qatar-mediated talks

  • Iran urged the United States to honor the June 17 Islamabad framework as Qatar and Pakistan pursued mediation under a fragile ceasefire.
  • The agreement provided for a halt to military operations and reopening the Strait of Hormuz, while Iran linked implementation to an end to hostilities, blockade relief and oil exports.
  • Implementation stalled before July fighting resumed; Brent crude exceeded $100 a barrel and 2026 U.S.-Iran deal odds rose from 14% to 15.5%.

Iran has urged the United States to return to and honor the Islamabad Memorandum of Understanding, a Pakistan-brokered framework signed by Washington and Tehran on June 17, as Qatar relayed Tehran’s conditions during indirect negotiations under a fragile ceasefire. Iran says it could resume implementing the agreement within days if Washington returns to its terms, ends hostilities, lifts the blockade and permits oil exports, while seeking credible guarantees against another attack before discussing its nuclear program and sanctions relief. The pact called for military operations to stop and arrangements to reopen the Strait of Hormuz, but implementation stalled over its terms and navigation before fighting resumed in July. Brent crude rose above $100 a barrel, and prediction-market YES odds for a potential 2026 U.S.-Iran deal increased from 14% to 15.5%.

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