On June 17, 2026, President Donald Trump signed an agreement to end the U. S.-Iran conflict during a dinner at the Palace of Versailles. This significant event was reported by Axios' Barak Ravid.
● Trump signed the agreement remotely, which includes a memorandum of understanding now effective.
● The memorandum aims to halt military actions between the U. S. and Iran and to respect each other’s sovereignty.
● Key provisions involve stopping attacks, ending the U. S. naval blockade, and reopening commercial shipping routes in the Persian Gulf.
● A $300 billion package for Iran’s reconstruction and economic development is included, with plans to gradually lift sanctions.
● Waivers will facilitate Iranian oil exports and banking transactions, plus the release of frozen assets.
● In return, Iran agrees not to pursue nuclear weapons and will negotiate over enriched uranium under the International Atomic Energy Agency's supervision.
This memorandum represents a strategic shift towards peace between the U. S. and Iran, aiming to reduce military tensions and foster economic cooperation while addressing nuclear concerns.
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