Trump and Iran sign landmark deal to end war and reopen global shipping

Presidents Donald Trump and Masoud Pezeshkian signed a 14-point memorandum of understanding this week to immediately halt hostilities and reopen the Strait of Hormuz.

The agreement establishes a 60-day window for intensive nuclear negotiations, during which Iran must begin diluting its stockpile of highly enriched uranium. In exchange, the U.S. will begin easing economic sanctions and release roughly $25 billion in frozen Iranian assets to facilitate humanitarian and redevelopment projects. While G7 leaders and mediator Pakistan hailed the breakthrough, critics in Israel and the U.S. argue the deal leaves Iran’s ballistic missile program untouched and its leadership intact.

Both nations are now preparing for high-level follow-up talks in Switzerland to solidify a permanent peace treaty before the two-month deadline expires.