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Event Brief

US-Iran MOU halts direct warfare and sets $300bn fund

A US-Iran MOU halts more than three months of direct warfare and includes lifting a US naval blockade and a $300bn reconstruction fund.
WHO: United States and Iran
WHAT: Signed a memorandum of understanding (MOU) that halts direct warfare, lifts a US naval blockade, and establishes a $300bn reconstruction fund for Iran
WHEN: Jun 30, 2026 at 4:00 PM ET
WHERE: Location not specified
WHY: The MOU was agreed to halt more than three months of direct warfare.

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