The June 17, 2026, 14-point US-Iran Memorandum of Understanding established a 60-day window for talks on permanently ending hostilities that began in February, reopening the Strait of Hormuz, and addressing nuclear and sanctions issues. That interim framework collapsed amid mutual violations, including late-June strikes around Hormuz and US bases, leading President Trump to declare it “over” by early July. The MOU expired in mid-August without a final agreement. As of late August, direct negotiations remain absent while Qatar and Oman mediate limited Hormuz shipping corridors and mine clearance; Iran conditions progress on ending the US naval blockade and secondary sanctions under “Operation Economic Outcast,” and Washington continues economic pressure without new kinetic exchanges. Sporadic Hormuz incidents and stalled diplomacy keep any extension of the original ceasefire uncertain through coming months.