The United States and Iran have signed a memorandum of understanding aimed at winding down their nearly four-month war, with President Donald Trump, Vice President JD Vance, and Iranian Parliament Speaker Mohammad Bagher Ghalibaf all putting digital signatures on the document. Pakistani mediators facilitated the electronic signing process.
What the deal actually says
The agreement outlines a 60-day ceasefire extension, giving both sides breathing room to negotiate the thornier issues that remain unresolved. Chief among the provisions is the reopening of the Strait of Hormuz, the narrow waterway through which approximately 20% of the world’s oil supply passes on any given day.
The MOU also commits both parties to continued negotiations on nuclear issues and sanctions relief. Notably, Iran’s missile program is explicitly excluded from the current framework.
One of the biggest unresolved questions: approximately $24 billion in frozen Iranian assets. Iran wants them back. The US is using them as leverage.
