The United States and Iran signed a preliminary memorandum of understanding on June 17, 2026, at the Palace of Versailles in France, effectively halting all hostilities between the two nations. The agreement, brokered with the help of French President Emmanuel Macron, reopens the Strait of Hormuz for commercial shipping and commits Iran to abandoning nuclear weapons development.
What the deal actually says
The MOU, signed by President Trump and Iranian President Masoud Pezeshkian, is non-binding. It sets a 60-day window for negotiating a final, comprehensive deal.
Core terms include an immediate halt to military actions, including operations in Lebanon. The strategically critical Strait of Hormuz, through which a significant share of global oil shipments pass, will be reopened for commercial traffic.
Iran commits to not developing nuclear weapons. In return, the US will begin gradual sanctions relief, including waivers for Iranian oil exports.
