US and Iran sign 14-point memorandum of understanding covering ceasefire, Strait of Hormuz reopening, and nuclear negotiations
Donald Trump and Iranian President Masoud Pezeshkian both signed a 14-point memorandum of understanding aimed at ending hostilities. The deal includes a ceasefire, reopening of the Strait of Hormuz, a framework for Iran's reconstruction, US sanctions relief, and a 60-day window for continued nuclear negotiations. Trump signed a physical copy at Versailles during a dinner with French President Macron following the G7 summit. JD Vance and Iranian parliamentary speaker Mohammad Bagher Ghalibaf had previously signed the document. A formal ceremony planned for Geneva on Friday became uncertain. Notably, Trump indicated Iran would be permitted to retain some ballistic missiles and acknowledged the US would return frozen Iranian assets. Iran's nuclear stockpile disposition remains under negotiation. Israel was not a party to the agreement and Prime Minister Netanyahu stated he had not seen the document.