Pezeshkian urges Trump to honor Iran memorandum

On August 29, 2026, Iranian President Masoud Pezeshkian urged US President Donald Trump to avoid creating further turmoil and to resolve disputes through dialogue and implementation of the June memorandum of understanding. The memorandum, mediated by Pakistan and Qatar, aimed to end the US-Israeli war against Iran and included provisions for reopening the Strait of Hormuz, lifting the US naval blockade, and addressing sanctions and frozen assets. Pezeshkian stressed Iran's commitment to dialogue but warned of firm response to aggression and accused Israel of seeking to divide Muslim countries. He also emphasized maintaining industrial production during winter as a 'red line.' Separately, Foreign Minister Abbas Araghchi accused US elements and Israel-aligned actors of manipulating energy markets. Tehran Governor Mohammad-Sadeq Motamedian highlighted the impact of the naval blockade and attacks on infrastructure, noting over 1,200 electricity sites in Tehran province were targeted. Reports indicated Iran transferred $7.5 billion in oil revenues to the Iran — Central Bank of Iran despite the blockade, and that US military stockpiles were depleted by the war.