U.S. President Donald Trump and the president of Iran signed a breakthrough memorandum of understanding on Wednesday, establishing a framework to halt the conflict in the Middle East.
Under the terms of the deal, Tehran has committed to down-blending its stockpile of enriched uranium in exchange for substantial economic sanctions relief.
A U.S. official told AFP that President Trump executed the document during a dinner meeting with French President Emmanuel Macron at the Palace of Versailles, following his attendance at the G7 summit.
“Just signed it,” Trump told reporters as he exited the palace.
The signing was concurrently validated by Tehran. Iranian Foreign Ministry spokesperson Esmaeil Baqaei confirmed the finalization of the diplomatic accord, as reported by the state-run IRNA news agency.
“The document was finalized with the signatures of the presidents,” Baqaei said.
The diplomatic breakthrough intends to draw a formal conclusion to hostilities that erupted on February 28, following joint U.S. and Israeli military operations against Iran.
The offensive prompted Tehran to launch retaliatory drone and missile strikes across the region, which forced the closure of the Strait of Hormuz—a primary global maritime artery for international trade and energy distribution.
“Now it is time to test the implementation of the agreement,” Baqaei said.
As part of the initial provisions, Washington has committed to an immediate waiver of the oil-related sanctions that have crippled the Iranian economy.
Furthermore, the memorandum stipulates that once a comprehensive, permanent resolution regarding Iran’s nuclear program is solidified, the United States will help coordinate the release of a $300-billion regional reconstruction fund financed by neighboring countries.
Initial organizational plans had designated U.S. Vice President JD Vance and Iran’s chief negotiator and parliament speaker, Mohammad Bagher Ghalibaf, to execute the agreement.
However, Iranian diplomatic sources later noted that an in-person, secondary signing ceremony was deemed unnecessary after the heads of state finalized the text.