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US and Iran Sign Memorandum of Understanding

The US and Iran signed a 14-point memorandum of understanding. It covers ceasefire, sanctions relief, nuclear issues, and economic cooperation.

Daniel Rodriguez
ByDaniel Rodriguez- Senior Editor
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The United States and Iran have signed a 14-point memorandum aimed at ending the conflict.

According to Reuters, citing US officials, the agreement was reached.

US President Donald Trump confirmed the signing of the memorandum between Washington and Tehran. "Yes, it has been signed," he said after a meeting with French President Emmanuel Macron at the Palace of Versailles.

"I signed it at Versailles," the American leader emphasized.

According to the text, the final agreement must be completed within 60 days, with the possibility of an extension.

NewsNation, citing an American official, reported that Iranian President Masoud Pezeshkian also signed the memorandum. The memorandum was confirmed by White House leader Donald Trump and the head of the Islamic Republic, Masoud Pezeshkian.

"On Sunday, the memorandum was electronically signed by US Vice President JD Vance and Iranian Parliament Speaker Mohammad Baqer Qalibaf. Now it has been signed by Trump and Pezeshkian," NewsNation correspondent Kelly Meyer reported, citing a US official.

The full text of the document, called the "Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran," is as follows:

1. Immediate cessation of hostilities.
2. Mutual respect for sovereignty.
3. 60-day negotiation period.
4. Lifting of naval blockade.
5. Free movement of commercial vessels.
6. $300 billion economic plan.
7. Lifting of sanctions.
8. Renunciation of nuclear weapons.
9. Maintenance of status quo.
10. Authorization of oil exports.
11. Release of frozen assets.
12. Establishment of implementation mechanism.
13. Initiation of negotiations.
14. UN Security Council resolution.

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US and Iran Sign Memorandum of Understanding | Bond.az