Trump and Iran's Pezeshkian Sign MOU to End War
The United States and Iran electronically signed a Memorandum of Understanding (MOU) on June 17 2026, with presidents Donald Trump and Masoud Pezeshkian attaching their signatures. The agreement, confirmed by Iranian Foreign Ministry spokesperson Esmaïl Baghai and U.S. officials, declares an immediate and permanent cessation of all hostilities on every front, including Lebanon, and commits both sides to respect each other’s sovereignty.
Key provisions call for the reopening of the Strait of Hormuz for commercial shipping for 60 days, a partial lifting of sanctions that allows Iran to resume oil exports and the release of frozen assets, and the creation of a $300 billion reconstruction fund. The parties agree to begin negotiations on a final deal within 60 days, with Iran pledging to dilute enriched uranium under IAEA supervision and to refrain from developing nuclear weapons.
U.S. officials said the deal also paves the way for peace initiatives in Lebanon, while Israeli Prime Minister Benjamin Netanyahu called the accord “a strategic and political disaster” for Israel (Axios). Trump announced he would send the text to Congress and read it on television, emphasizing the economic benefits and the need to avoid a “financial disaster.” The signing took place at the Palace of Versailles, with French President Emmanuel Macron hosting the ceremony.
The memorandum has sparked mixed reactions domestically in the United States and among regional allies, but it marks a major diplomatic shift that could reshape energy markets and security dynamics in the Middle East.