Brief by Shorts91 Newsdesk / 03:07am on 18 Jun 2026,Thursday International
US President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding (MoU) to end nearly four months of conflict and reopen the Strait of Hormuz. The agreement, initially signed electronically by US Vice President JD Vance and Iran’s chief negotiator Mohammad Baqer Qalibaf, took immediate effect, replacing a planned Switzerland ceremony. The MoU includes sanctions relief, resumed Iranian oil exports, access to frozen funds, and a 60-day framework preventing escalatory actions while broader negotiations continue. Iran ruled out discussions on missiles and defense capabilities, while enriched uranium remains inside the country. The accord also outlines approximately $300 billion in investment and reconstruction support.
