A US-Iran memorandum of understanding aimed at ending months of conflict was signed at a candlelit dinner at the Palace of Versailles following a G7 summit, according to officials and video posted by aides.
Donald Trump confirmed the signing as he exited the venue, telling reporters, “Just signed it.”
The agreement, which was also acknowledged by Iranian officials and mediators, is intended to end a war that began on February 28 and escalated into regional missile and drone exchanges, alongside disruptions to key shipping routes.
Iranian Foreign Ministry spokesman Esmaeil Baqaei, quoted by state media, said the document had been “finalized with the signatures of the presidents,” while Pakistan’s Prime Minister Shehbaz Sharif said the deal would take immediate effect.
According to Sharif, the agreement includes the reopening of the Strait of Hormuz and the lifting of US naval restrictions on Iranian shipping.
The deal also reportedly provides for the suspension of US oil sanctions on Iran and outlines a framework for future negotiations on Iran’s nuclear programme, including international oversight of enriched uranium stocks under the International Atomic Energy Agency (IAEA).
A proposed $300 billion reconstruction fund supported by regional actors is also part of the broader framework, though US officials indicated Washington would not contribute financially.
The agreement is described as an interim arrangement meant to pave the way for further negotiations over Iran’s nuclear ambitions and long-term regional security arrangements.
However, the announcement has drawn mixed reactions. Some allies of the US administration expressed concern over the rapid rollback of sanctions and the strategic implications of reopening key maritime routes.
Iranian officials described the agreement as a diplomatic victory, while critics in Washington argued it risks emboldening Tehran without fully curbing its nuclear programme.
A formal ceremony is expected in Switzerland later this week, where technical talks are also set to begin.
