Islamabad memorandum

The US and Iran are engaged in an escalating conflict marked by airstrikes and regional tensions, with Trump's administration unable to resolve the war due to Iran's control over the Strait of Hormuz. The conflict, which began with the Islamabad Memorandum, has expanded to include the Houthis blocking a shipping chokepoint, resulting in casualties and economic instability.

Iran dispatched 11 million barrels of crude oil via five supertankers and one Suezmax vessel amid escalating US-Iran tensions. US military strikes targeting Iranian civilian infrastructure, including railway bridges, caused 14 deaths and 78 injuries, risking a blockade of Iranian ports and disrupting maritime traffic through the Strait of Hormuz. Oil prices rose nearly nine percent to $79 a barrel as a result.

Iran's Foreign Minister Abbas Araghchi warned against further US military 'adventurism' following a phone call with Pakistan's army chief, where he condemned US attacks as violating the Islamabad memorandum of understanding.

High-level delegations from the United States, Iran, Qatar, and Pakistan met in Switzerland to discuss the Islamabad Memorandum. Key moments included US Vice President JD Vance's remarks about Pakistan and Field Marshal Asim Munir, Iranian Foreign Minister Abbas Araghchi avoiding interaction with US counterparts, and PM Shehbaz Sharif showcasing multilingual skills.

Iran's Foreign Ministry spokesperson Esmaeil Baghaei stated that the signing of the Islamabad memorandum will not occur on Sunday. He indicated the possibility of signing in the coming days but cautioned against confirming dates due to hesitation from the other side.

Iran has stated that the signing of the Islamabad memorandum will not occur on Sunday. The announcement confirms a postponement of the scheduled agreement.

Iran's Foreign Ministry spokesperson Esmaeil Baghaei stated that the signing of the Islamabad memorandum with the US will not occur on Sunday. He noted a possibility of signing in the coming days but cautioned against commenting on the exact date due to the other side's reluctance.