Despite Military Skirmishes, U.S. and Iran Reach 'Political Understanding' on Ending Hostilities

By  Kim Young-a  | Jun 11, 2026

Despite Military Skirmishes, U.S. and Iran Reach 'Political Understanding' on Ending Hostilities
The United States and Iran are intensifying efforts to reach a memorandum of understanding (MOU) to end hostilities, and have already reached a political understanding, Reuters reported.

Citing Iranian sources, Reuters reported that the two countries have reached the stage of political understanding regarding the MOU.

However, it added that some issues still require detailed discussion, including the procedure for releasing tens of billions of dollars in Iranian oil revenue currently frozen abroad.

According to one source, Iran hopes that $6 billion to $12 billion (approximately 9 trillion to 18 trillion won) of the frozen funds will be delivered to Tehran immediately.

However, the U.S. firmly refuses to return these funds directly to the Iranian regime and wants to release the money in stages for the purchase of humanitarian goods.

The sources added that the top priority for the Iranian regime, which seeks to survive, is not a comprehensive improvement in relations with the U.S., but rather establishing a framework to unfreeze the funds and end the war to secure the minimum breathing room necessary for the regime to persist.
※ Please note: This article was translated by AI and may contain errors.