What we know about ‘14-point deal’ so far?
Why this matters: local context for readers following news across Pakistan and the region.
On Monday, US President Donald Trump said the Strait of Hormuz, which has been under a de facto Iranian blockade, will open to all shipping by June 19, while Tehran said the US naval blockade on its ports will be lifted immediately. In a statement, Iran’s Supreme National Security Council said that negotiations for a final agreement will be postponed until after the US has fulfilled its obligations. US Vice President J.D. Vance hoped the peace agreement would usher in “a new era with the Iranians”. Meanwhile, Kazem Gharibabadi, Iran’s deputy foreign minister for legal and international affairs, confirmed that an end to military operations was expected “soon”. According to remarks carried by Iran’s Tasnim news agency, Gharibabadi said an “immediate and permanent end to the war and military operations on various fronts, including Lebanon”, would be announced starting Monday. ‘14 points’ Although the text of the deal has yet to be publicly released, Iranian media reported that the draft agreement contained 14 points. According to the Mehr news agency, the draft envisages the release of $24 billion in frozen Iranian assets during a 60-day negotiation period, with half the amount to be made available before the talks begin. The draft also calls for the suspension of sanctions on the sale of Iranian oil, petrochemical products and their derivatives. Under the agreement, the US would lift what Iran describes as a naval blockade on its ports and coastlines, in place since April 13, and “withdraw its forces” from the vicinity of Iran. Mr Gharibabadi said final talks would only start after the US fu