Iran and US confirm they are on cusp of new ceasefire, as they fight to frame terms Submitted by Sean Mathews on Fri, 06/12/2026 - 19:31 Pakistan says 'peace never this close' as Switzerland offers to host signing agreement Women walk past Iran's national flag in Vanak Square in Tehran, Iran, on 10 June 2026 (Atta Kenare/AFP) Off Iran offered its most definitive assessment on Friday that it was close to signing a memorandum of understanding (MOU) with the US , as both countries jostled to frame the deal as a victory. The signing of the MOU would trigger a 60-day period for "technical" negotiations, according to the Trump administration. “The Islamabad Memorandum of Understanding has never been closer.