President Donald Trump and Iranian President Masoud Pezeshkian have signed a memorandum of understanding aimed at ending months of hostilities between the United States and Iran, with a formal 60-day ceasefire now in effect and the Strait of Hormuz set to reopen to commercial shipping.
The agreement, mediated by Pakistan and described as an initial framework rather than a final peace accord, was signed electronically on June 15 following Trump’s announcement the previous day. It includes provisions for staged sanctions relief tied to Iranian compliance, the potential release of frozen assets and further talks on Tehran’s nuclear programme, including uranium enrichment limits.
