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US and Iran sign historic peace deal
Published 6 days, 1 hour ago
Description
The United States and Iran have signed a 14-point Memorandum of Understanding that will see the Strait of Hormuz reopened and all hostilities ended. President Donald Trump signed the peace deal at the Palace of Versailles in France following G7 meetings, with Pakistan acting as key mediator. The agreement initiates a 60-day countdown for both nations to negotiate a permanent deal, requires Iran to forgo nuclear weapons development, ends hostilities including in Lebanon, and establishes a $300 billion reconstruction fund for Iran funded by the US and regional partners, though the US is not required to contribute financially.
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