The United States and Iran have reportedly signed a memorandum of understanding aimed at ending the ongoing conflict in the Middle East, with a formal ceremony expected to take place in Switzerland on Friday to launch a 60-day negotiation period.
According to details shared by officials, the agreement was signed during a dinner at the Palace of Versailles following a G7 summit, where US President Donald Trump confirmed the signing.
The deal is intended to bring an end to months of hostilities that escalated after US-Israeli strikes on Iran earlier in the year, which triggered widespread regional instability and disruptions to global trade routes.
Iran’s Foreign Ministry confirmed that the document was jointly signed by the leaders of both countries, while Pakistan’s Prime Minister Shehbaz Sharif, who reportedly played a mediating role, said the agreement takes immediate effect.
Under the framework of the deal, both sides commit to ending military operations and avoiding any future acts of aggression against each other, including in allied territories such as Lebanon.
The agreement also outlines plans for negotiations toward a final settlement within 60 days, with the possibility of extension if mutually agreed.
Key provisions include a pledge by Iran not to pursue nuclear weapons development, alongside a mechanism for managing its enriched uranium under international supervision.
The United States, in return, is expected to halt new sanctions, suspend military escalation in the region, and gradually lift existing restrictions on Iranian ports and assets.
Both parties also agreed on measures related to maritime security, including the reopening of the Strait of Hormuz for commercial shipping under temporary arrangements.
Additionally, the deal includes a proposed economic reconstruction plan for Iran valued at a minimum of $300 billion, to be supported by the United States and regional partners.
The final agreement is expected to be submitted for endorsement by the United Nations Security Council once concluded.
