US President Donald Trump and Iranian President Masoud Pezeshkian have signed a memorandum of understanding aimed at ending months of conflict in the Middle East, marking a significant diplomatic breakthrough between Washington and Tehran.
The agreement was finalized on Wednesday, with both sides confirming that the document had been signed by their respective presidents. According to officials, Trump signed the memorandum during a dinner with French President Emmanuel Macron at the Palace of Versailles following the G7 summit in France.
The deal seeks to bring an end to the war that erupted on February 28 after military action by the United States and Israel against Iran. Tehran responded with missile and drone attacks across the region, while tensions disrupted global trade routes, including the strategically important Strait of Hormuz.
Under the terms of the agreement, Iran has agreed to dilute its stockpile of enriched uranium as part of efforts to address concerns surrounding its nuclear program. In return, the United States has committed to immediately lifting oil sanctions that have weighed heavily on Iran’s economy.
The memorandum also outlines broader economic incentives. Once a final agreement on Iran’s nuclear activities is reached, Washington will support the release of a $300 billion reconstruction fund backed by regional countries. The funding is expected to assist in rebuilding infrastructure damaged during the conflict and promote economic recovery.
Iranian Foreign Ministry spokesman Esmaeil Baqaei described the signing as an important step toward restoring stability, adding that the focus would now shift to implementing the commitments outlined in the agreement.
The signing follows weeks of negotiations involving officials from both countries and international mediators. While the deal represents a major diplomatic achievement, analysts note that its long-term success will depend on compliance by both sides and progress toward a comprehensive settlement of outstanding nuclear and regional security issues.