US-Iran sign 14-point peace plan

President Donald Trump and Iranian President Masoud Pezeshkian have signed a memorandum of understanding, laying out terms for ending the war and reopening the Strait of Hormuz.

Trump could be seen signing the memorandum late Wednesday at the Palace of Versailles in a video published by French President Emmanuel Macron. Pezeshkian signed the memorandum separately, according to Iranian state media, which posted an image of him holding up a copy with his signature.

🇺🇸🇮🇷 BREAKING!!!! The White House has released the full text of 14-point MoU

The points summarised are as follows:

1. The U.S. and Iran, and their allies in the current war, by signing this MoU, declare the immediate and permanent termination of military operations on all… pic.twitter.com/pBlmo0cdWx

— DD Geopolitics (@DD_Geopolitics) June 17, 2026

But at less than 800 words in English, the 14-point outline leaves a lot of details for later. This includes Iran’s nuclear program, but it does promise Iran a lot of money by lifting sanctions so Iran can sell its oil to the world. It also potentially gives Iran access to billions in frozen assets and $300 billion in financing.

The interim agreement declares an intent to bring about an “immediate and permanent termination of military operations” in the U.S.-Israeli war with Iran, which began Feb. 28, unleashing chaos across the Middle East and rattling the world economy.

Both sides will commit to further talks toward a more substantive “final deal” within 60 days, “extendable with mutual consent.”

The MOU stipulates that the Strait of Hormuz will reopen, with Iran agreeing to allow “safe passage of commercial vessels with no charge for 60 days only,” followed by negotiations with Oman to “define the future administration” of the vital trade route, through which some 20% of the world’s oil passed before the war.

One point in the memorandum that could draw criticism is a commitment for the U.S. to work with regional partners to develop a plan for at least $300 billion to be distributed to Iran for “reconstruction and economic development.” The draft memorandum notes that the mechanism for the distribution of these funds will be hammered out during the 60-day negotiation period.

The 14-Point Peace Plan
Category	Details
The Agreement	The U.S. and Iran signed a comprehensive 14-point Memorandum of Understanding (MOU) to immediately and permanently terminate military operations on all fronts, including in Lebanon.
Maritime Trade	The U.S. will lift its naval blockade within 30 days. In return, Iran has committed to allowing safe, toll-free passage of commercial vessels through the Strait of Hormuz for the next 60 days.
Economic Relief	The U.S. and regional partners will develop a mutually agreed plan to provide at least $300 billion for the reconstruction and economic development of Iran, while immediately issuing waivers for Iranian oil exports and releasing frozen assets.
Nuclear Concessions	Iran affirmed it will not procure or develop nuclear weapons and agreed to maintain the current status quo of its program while the disposition of its enriched material stockpile is negotiated.
The Timeline	Both nations have a 60-day window to negotiate and sign a final, binding deal—which can be extended by mutual consent—to formally solidify the terms outlined in the MOU.