The United States and Iran have signed a memorandum establishing a temporary ceasefire and reopening maritime traffic through the Strait of Hormuz. The document was signed electronically by U.S. President Donald Trump and Iranian President Masoud Pezeshkian, without a face-to-face meeting between the two leaders.
The memorandum does not constitute a final peace agreement. Instead, it creates a 60-day ceasefire period during which both sides are expected to negotiate the terms of a broader and more permanent settlement.
The announcement comes three months and 18 days after the United States and Israel launched airstrikes against targets in Iran. Tehran responded by closing the Strait of Hormuz, a critical waterway through which roughly one-fifth of global oil shipments pass, and by carrying out attacks against neighboring countries.
Late Wednesday, the White House released the full text of the memorandum, outlining 14 separate provisions aimed at de-escalating the conflict and restoring regional stability.
Among the key points, the agreement provides for an immediate halt to military operations and the gradual restoration of maritime traffic. Shipping activity through the Strait of Hormuz is expected to return to pre-conflict levels within 30 days.
