Compiled by KHAO Editorial
— aggregated from 12 outlets.
See llms.txt for citation guidance.
✓ KHAO Verified
A US-Iran agreement to extend their ceasefire and begin talks on a permanent peace deal is now in effect, with the presidents of the two countries signing the 14-point memorandum of understanding, White House officials have confirmed.
Key facts
A US-Iran agreement to extend their ceasefire and begin talks on a permanent peace deal is now in effect, with the presidents of the two countries signing the 14-point memorandum of understanding, White House officials have confirmed.
Washington commits to waive some sanctions and to facilitate the release of a $300 billion reconstruction fund for Iran supported by regional nations when a final agreement is reached on the Islamic republic’s nuclear programme, according
The deal also sets the stage for the reopening of the Strait of Hormuz after a three-month closure that upended the global oil market and sent prices soaring.
The US also commits to facilitating the release of a $300-billion fund for the reconstruction and economic development of Iran in the event of a final agreement on Iran’s nuclear programme, according to the text.
Summary
The deal also sets the stage for the reopening of the Strait of Hormuz after a three-month closure that upended the global oil market and sent prices soaring.
US President Donald Trump, in France for the G7 summit, signed the agreement on Wednesday evening at the Palace of Versailles near Paris, US officials said. Iranian President Masoud Pezeshkian signed the accord the same day in Tehran.