Story perspectives

US, Iran Seal 60-Day Ceasefire, Reopen Hormuz, Waive Sanctions

6/20/2026

Summary

Story summary

United States and Iran signed a 14-point framework on June 15 creating a 60-day cease-fire.
The pact reopens the Strait of Hormuz and starts nuclear talks on Iran’s program.
Treasury waived sanctions on Iranian crude oil, petroleum products and derivatives, a move Dan Brouillette said could bring Iran $60 billion annually.
Sen. Bill Cassidy (R-La.) called the deal the worst foreign-policy blunder and warned JD Vance could revoke the waivers if Iran misbehaves.

History

Historical Context

The NPT opened for signature in 1968 and entered into force in 1970, establishing the IAEA’s comprehensive safeguards. Those safeguards underpinned the 2015 Joint Comprehensive Plan of Action, signed by the United States, Russia, China, the United Kingdom, France, Germany and Iran, limiting enrichment. Today’s 14-point framework revives that deal, linking Strait of Hormuz access to renewed IAEA inspections.

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Story summary

United States and Iran signed a 14-point framework on June 15 creating a 60-day cease-fire.
The pact reopens the Strait of Hormuz and starts nuclear talks on Iran’s program.
Treasury waived sanctions on Iranian crude oil, petroleum products and derivatives, a move Dan Brouillette said could bring Iran $60 billion annually.
Sen. Bill Cassidy (R-La.) called the deal the worst foreign-policy blunder and warned JD Vance could revoke the waivers if Iran misbehaves.

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