Iranian leaders review US proposal after Trump cancels strikes
Iran is weighing a US-backed draft that could reopen Hormuz, but verification and sanctions relief remain unresolved.
In 30 seconds
- Iran's Foreign Ministry spokesperson Esmail Baghaei said Tehran had not reached a final decision on the proposed agreement.
- The draft described by mediators would extend the ceasefire for 60 days and reopen the Strait of Hormuz.
- The IAEA board demanded on June 10 that Iran provide information and access needed for safeguards verification.
- The ECB said on June 11 that oil-price pressure from the Iran war contributed to inflation risks in the euro area.
How we got here
- 2015-07-20
UN Security Council Resolution 2231 endorsed the JCPOA.
- 2018-05-08
Trump withdrew the United States from the JCPOA.
- 2025-06-12
The IAEA board found Iran non-compliant with safeguards obligations for the first time in 20 years.
- 2026-06-10
The IAEA board demanded urgent Iranian cooperation and access to nuclear sites.
- 2026-06-11
Trump said he had cancelled planned strikes and expected a deal to be signed within days.
The Strait of Hormuz (the narrow Gulf shipping passage between Iran and Oman) is a major route for oil and liquefied natural gas. Donald Trump (US president, serving his second term since 2025) is driving the US side of the talks. Esmail Baghaei (Iranian Foreign Ministry spokesperson) is the official voice used here for Tehran's public position. Mojtaba Khamenei (Iran's supreme leader since 2026, according to current reporting) would be the decisive Iranian authority for final approval. Abbas Araghchi (Iranian foreign minister and former nuclear negotiator) has led Tehran's diplomacy. Ali Al-Thawadi (Qatari mediator named in current reporting) has been shuttling between the parties. The IAEA (International Atomic Energy Agency, the UN-linked nuclear watchdog based in Vienna) verifies nuclear safeguards. The ECB (European Central Bank, eurozone monetary authority in Frankfurt) sets interest rates for the euro area, including Belgium.
Background
The 2015 Joint Comprehensive Plan of Action limited Iran's nuclear activity in exchange for sanctions relief, and UN Security Council Resolution 2231 endorsed the arrangement. Trump withdrew the United States from the deal in May 2018, after which Iran gradually expanded nuclear activity. The IAEA board found Iran non-compliant with safeguards obligations in June 2025, and Israel and the United States later struck Iranian nuclear sites. The IAEA board again demanded urgent cooperation on June 10, 2026. This history explains Tehran's public mistrust and Washington's insistence that any new bargain include verification, nuclear limits and a mechanism for sanctions relief.
The wider picture
The proposed deal tests whether coercive pressure can produce a limited diplomatic pause without resolving the strategic contest over Iran's nuclear capacity, missiles and regional alliances. Qatar and Pakistan's mediation shows middle powers trying to prevent a wider Gulf war, while Israel's distance from the memorandum signals that US-Iran diplomacy may not automatically bind regional actors most directly threatened by Iran.
Why now
The trigger is Trump's June 11 claim that he cancelled planned strikes because a deal was close, after a week of renewed military escalation and an IAEA resolution demanding Iranian cooperation. Iran's public response turned the story from a claimed breakthrough into a test of whether a draft text has real authority.
What happens next
Watch for a formal signing date, whether Supreme Leader Mojtaba Khamenei publicly or indirectly approves the text, and whether ships begin moving through Hormuz without tolls. The next signal after any signature would be whether the IAEA receives access and whether sanctions relief begins in verifiable phases.
What to do
Belgian readers should not treat the proposal as an immediate return to normal energy prices. A signed memorandum could reduce market pressure, but fuel, freight, travel and borrowing costs will depend on actual shipping flows, ECB follow-up decisions and whether the nuclear file moves to verifiable implementation rather than another short truce.
The Belgian angle
The effects split across EU and Belgian federal levels rather than Belgian regions. The ECB's rate decision affects borrowers and savers across the euro area, including Belgium, while EU foreign-policy services in Brussels have an institutional stake in non-proliferation and Gulf de-escalation. Belgium's federal government would face the downstream effects through energy prices, inflation-linked spending and diplomatic coordination. Flanders, Wallonia and Brussels would feel similar consumer and business price pressures, so there is no distinct regional policy split inside Belgium.
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This story was assembled from verified evidence, with its sources and reasoning recorded as it was written.
This briefing was prepared with AI assistance and passed Belgium Impulse source, provenance and publication-quality checks. methodology.