Trump announces deal parameters to end Iran war as US holds off on new strikes

President Trump announced on June 12 that Mideast allies have established the parameters for a deal to end the Iran war, with the US agreeing to delay new military strikes while negotiations move forward. What we know about the deal framework The framework was facilitated by Pakistan, which has positioned itself as the primary mediator in the conflict. This builds on an earlier partial ceasefire that Pakistan helped broker back in April 2026, a temporary arrangement that slowed hostilities but never fully stopped them. The next concrete milestone is the Islamabad Memorandum of Understanding, scheduled for signing on June 17. That document would establish a 60-day window for negotiating final peace terms. Trump suggested on June 12 that the ceasefire agreement was close to finalization, with expectations that a signing event could take place in Europe shortly after the memorandum. The US decision to hold off on new strikes is clearly intended as a gesture of good faith to keep the diplomatic channel open. But Iran has already pushed back on characterizations that a binding agreement exists. The crypto angle is more real than you’d think Iran began accepting Bitcoin for transit tolls...