US President Donald Trump and Iranian President Masoud Pezeshkian have digitally signed a memorandum of understanding to halt a conflict that has torn through the Middle East since late February. The 14-point MoU, signed on or around June 17, effectively extends an earlier April ceasefire by an additional 60 days.
The deal’s centerpiece: fully reopening the Strait of Hormuz, the narrow waterway that handles roughly one-fifth of global oil and natural gas transit.
What the deal actually says
The initial phase of the agreement was signed on Sunday by US Vice President JD Vance and Iran’s chief negotiator, Mohammad Bagher Ghalibaf, with Trump witnessing. The White House confirmed the digital signing, which took place at the Palace of Versailles during a post-G7 dinner in Evian-les-Bains, France.
Both leaders signed the MoU in English and Farsi, with G7 leaders backing the arrangement. A formal signing ceremony is scheduled for June 19 in Switzerland.
