Skip to content
You can now search across every topic, entity and event.What's new
European Energy Markets
27JUL

The IRGC has not signed the deal text

3 min read
09:24UTC

IRGC-aligned Tasnim said on 13 June the deal text still needs institutional review, the same day Araghchi raced to sign it digitally.

EconomicDeveloping
Key takeaway

Iran's diplomats want to sign, but IRGC commander Vahidi, who froze talks on 1 June, has not assented.

Tasnim, the news agency aligned with Iran's Islamic Revolutionary Guard Corps (IRGC), said on 13 June the deal text "still requires review and finalisation by the relevant institutions in Iran". 1 It ran the same day Foreign Minister Abbas Araghchi was pushing to sign digitally. The Washington-based Institute for the Study of War (ISW), a think tank that publishes daily conflict assessments, said it was unclear whether Mojtaba Khamenei or IRGC commander Ahmad Vahidi had accepted the details. 2

The IRGC is Iran's parallel armed force, and its budget and command run through The Supreme Leader's office rather than parliament. That structure is why pro-deal Speaker Mohammad Bagher Ghalibaf, the faction Araghchi belongs to, cannot bind Vahidi. The corps does not answer to the diplomats trying to sign over its head.

Vahidi proved the mechanism on 1 June, suspending negotiations after Trump amended the draft and freezing the entire track unilaterally while the Foreign Ministry stayed at the table. Nothing since has reversed that authority. Analysts had already placed day-to-day war authority with the IRGC while Khamenei stayed unseen and produced no MoU response . A single faction can halt the deal again, exactly as it did a fortnight ago.

Trump's claim of approval at the highest Iranian level becomes falsifiable the moment Tasnim or Vahidi contradicts it, which on 13 June they effectively did. Whichever faction signs the digital text decides which institution controls Iranian foreign policy this weekend. The diplomats are sprinting; the men who hold the guns have not said yes.

Deep Analysis

In plain English

Iran has two sets of people who can speak for the government: the civilian side, led by Foreign Minister Araghchi, who was racing to sign a digital deal text on 13 June; and the military side, led by the Islamic Revolutionary Guard Corps (IRGC), a powerful army that reports directly to the Supreme Leader, not to the civilian government. Tasnim is the IRGC's unofficial newspaper. When Tasnim said on 13 June that the deal text "still requires review", it was the IRGC's way of publicly saying it had not yet signed off. The IRGC commander, Ahmad Vahidi, had already frozen talks once before on 1 June after Trump changed the draft. His endorsement, and probably the Supreme Leader's, are required before any deal can actually hold.

Deep Analysis
Root Causes

The IRGC's institutional budget and command authority runs through the Supreme Leader's office, not through parliament or the presidency. Araghchi's Foreign Ministry cannot bind the corps to an MoU because the corps does not fall under Foreign Ministry command.

Vahidi suspended negotiations on 1 June after Trump amended the draft, which established a precedent: corps commanders can halt the civilian diplomatic track unilaterally. The 13 June Tasnim signal repeats that structural move without requiring Vahidi to use the word "suspended" again.

What could happen next?
  • Risk

    A digital signing by Araghchi without explicit IRGC and Supreme Leader endorsement would produce a document one corps commander could void, repeating the April ceasefire collapse pattern.

    Immediate · Assessed
  • Meaning

    Tasnim publishing the review-needed signal on the same day as the digital-signing sprint suggests the IRGC chose public contradiction over private veto, escalating the internal visibility of the split.

    Immediate · Assessed
  • Consequence

    Speaker Ghalibaf's pro-deal parliamentary faction loses leverage every day the IRGC's review posture holds; any deal text that reaches the Majlis without corps buy-in faces a 221-0 rejection precedent from the 4 June IAEA cooperation vote.

    Short term · Suggested
First Reported In

Update #126 · The weekend signing that never reached paper

Tasnim News Agency· 13 Jun 2026
Read original
Different Perspectives
Slovakia
Slovakia
Slovakia says it dropped its hold-out on the 21st sanctions package only after Ursula von der Leyen personally signed written gas-price and supply guarantees. The Council of the European Union's own 17,238-character release on the package names neither Slovakia nor any guarantee, leaving Bratislava's account unconfirmed by the institutional record.
EU regulator on capacity mechanisms
EU regulator on capacity mechanisms
Brussels is watching Germany's StromVKG first 4.5 GW capacity auction move toward its 8 September bid deadline without a resolved state-aid clearance for the 9 GW 2026 programme's gas-plant subsidies. A negative spark spread this deep on cheap gas strengthens the case for subsidised dispatchable capacity, the same case still awaiting a state-aid ruling.
French power exporters
French power exporters
French day-ahead cleared EUR 41.13/MWh on Sunday 26 July, EUR 43.09 below Germany, on wind more than doubling and a demand trough, not on any nuclear recovery. The desk expects the discount to hold only as long as French wind and weekend demand repeat, not as a durable nuclear-cost advantage.
European gas storage operator
European gas storage operator
A storage operator stopped bidding for prompt TTF cargoes on 21 July, reading the strike-halt unwind as the start of a fuel-side correction rather than a floor. It expects the gap between prompt and forward gas to keep narrowing as the war premium continues leaving the curve.
German gas-fired power fleet
German gas-fired power fleet
German gas-fired plants cut output from 4.37 GW to 2.85 GW between 24 and 27 July, even as TTF fell 8 per cent, because below roughly minus EUR 40/MWh the fuel price stopped deciding dispatch. The fleet expects no relief until wind eases or StromVKG's first 4.5 GW auction adds capacity.
French industrial power consumers
French industrial power consumers
France's day-ahead discount to Germany has nearly closed as TTF and EUA rise together on both sides of the border, eroding the arbitrage French industry relied on through the summer. A standing negative spark removes the German demand buffer that kept that spread wide.