U.S. President Donald Trump said in a June 11 Truth Social post that Iranian leaders had approved the discussion of a U.S.-Iran memorandum of understanding and that the time and place for signing it would be announced soon, though he added that the U.S. blockade on Iranian ports would remain in place until the agreement was finalized. Islamic Revolutionary Guard Corps-linked Tasnim News Agency rejected claims that an MoU had been approved, but an Iranian foreign ministry spokesperson acknowledged that a large portion of the final text had been agreed upon.

Trump said he called off scheduled strikes hours after threatening to strike Iran "very hard." Gulf countries reportedly pressured Trump not to escalate, while Pakistani and Qatari negotiators pushed for progress toward a deal. Western media reports suggest negotiators are making progress on closing the gaps in their positions on the mechanism for releasing frozen Iranian funds, the path toward reopening the Strait of Hormuz without tolls within 30 days and the framework for nuclear negotiations.