US and Iran leaders have reportedly signed a memorandum of understanding that will bring an end to the war in Iran. Per Axios’ Barak Ravid, Trump signed a copy of the agreement while attending dinner with French President Emmanuel Macron at the Palace of Versailles.
Two US officials told Ravid on Wednesday evening that the document had been signed remotely by the US and Iran, and that the document "is now in effect." A photo of the signed document from Trump was reportedly "sent to the Iranians and the mediating countries."
The official text of the MOU was released by the US on Wednesday. The 14-point agreement outlines steps toward reopening the Strait of Hormuz, easing certain financial restrictions on Iran, and establishing a framework for future technical negotiations on Iran’s nuclear program.
The document outlines an end to fighting "on all fronts," with a final deal confirming "the permanent termination of the war on all fronts." The agreement states, "The United States of America and the Islamic Republic of Iran commit to negotiating and achieving the final deal in a maximum of 60 days, extendable by mutual consent." The document also declares that Iran will allow ships to safely pass through the Strait of Hormuz "with no charge" for 60 days.
Additionally, the US agrees under the MOU to develop with regional partners "a definitive, mutually agreed plan with at least $300 billion for the reconstruction and economic development of the Islamic Republic of Iran." Iran will reaffirm "that it shall not procure or develop nuclear weapons."
