US and Iran sign 14-point Memorandum of Understanding ending hostilities, with 60-day window for nuclear negotiations
On 18 June, US President Donald Trump and Iranian President Masoud Pezeshkian signed a Memorandum of Understanding ending the war that began with US-Israeli strikes on Iran on 28 February. The 14-point deal halts military operations, reopens the Strait of Hormuz, lifts the US naval blockade, provides sanctions relief and frozen asset releases to Iran, and establishes a $300bn reconstruction fund to which the US is not required to contribute. Iran committed to reaffirm it will not pursue nuclear weapons and enter 60-day negotiations over its enrichment programme. Iran's Supreme Leader Mojtaba Khamenei approved the deal while stating Trump acted 'out of desperation'. Both governments have claimed victory domestically while facing criticism from hardliners on each side. The conflict killed thousands, including civilians in Iran and Lebanon.