President Masoud Pezeshkian says the U.S. memorandum is the best path to end Iran's current state of 'neither war nor peace' and improve economic conditions.

Iranian President Masoud Pezeshkian has publicly defended a memorandum of understanding with the United States as the most viable path to resolve the ongoing conflict. In a speech published Sunday, Pezeshkian stated that the agreement aligns with Iran's national interests and dignity. The deal, signed by U.S. President Donald Trump in June, included a 60-day deadline for ending the war and reaching a nuclear accord, a period that expired last week without a breakthrough.

Economic and Security Challenges

Pezeshkian emphasized that Iran must mitigate risks to attract foreign investment, noting that the country's economy is currently suffering under sanctions and a naval blockade. Meanwhile, Mohsen Rezaei, the new leader of Iran’s Supreme National Security Council, warned neighboring countries against participating in U.S.-led economic efforts against Tehran. Rezaei stated that Iran would retaliate in a 'seismic manner' and target alternative oil-shipping routes if neighbors join the economic pressure campaign.

Diplomatic Mediation Efforts

Pakistan’s Field Marshal Asim Munir is scheduled to lead a delegation to Tehran on Monday to discuss bilateral cooperation and regional security. According to regional officials, the visit is part of Islamabad's ongoing efforts to de-escalate tensions between the U.S. and Iran and encourage a return to negotiations. This follows a phone call between Munir and Iranian Foreign Minister Abbas Araghchi.