US and Iran Sign 14-Point Interim Ceasefire Agreement to End War
US President Donald Trump and Iranian President Masoud Pezeshkian have signed an interim agreement aimed at ending the ongoing conflict, marking a significant diplomatic development. The signing took place on Wednesday, with both leaders digitally endorsing the memorandum in English and Farsi. According to officials from both nations, the agreement is already in effect.
Details of the Agreement
The 14-point agreement extends a ceasefire initially announced in April by an additional 60 days, which includes provisions for Lebanon. This extension is designed to facilitate negotiations for a final truce between the two nations. The Iranian foreign ministry confirmed the immediate implementation of the agreement.
Trump’s signing occurred just before a formal dinner with French President Emmanuel Macron at the Palace of Versailles, a historic venue known for the treaty that ended World War One.
Future Negotiations
A senior US official indicated that both Iran and the US retain the option to withdraw from the memorandum of understanding, which is set to be formally signed on Friday. Upcoming discussions are expected to focus on the specific sequencing of steps outlined in the preliminary accord. The official emphasized the critical nature of the upcoming meeting in Switzerland, stating that it will be essential for evolving the memorandum into a comprehensive agreement.
Key Provisions of the Memorandum
The memorandum outlines several key commitments from both parties:
- End of Hostilities: Both nations, along with their allies, agree to an immediate and permanent cessation of hostilities, including in Lebanon, and commit to refraining from any aggressive actions against each other.
- Respect for Sovereignty: The US and Iran pledge to respect each other’s sovereignty and territorial integrity, avoiding interference in internal affairs.
- Negotiation Timeline: A final agreement is to be negotiated within a maximum of 60 days, with the possibility of extension by mutual consent.
- Naval Blockade: The US will lift the naval blockade and restore shipping traffic to pre-war levels within 30 days, while also withdrawing its forces from surrounding areas after the final agreement.
- Merchant Shipping: Iran will ensure the resumption of merchant shipping between the Arabian Gulf and the Sea of Oman within 30 days, addressing technical obstacles and neutralizing mines.
- Economic Development Plan: The US, in collaboration with regional partners, will develop a comprehensive plan for Iran’s rehabilitation and economic development, ensuring at least $300 billion in financing.
- Sanctions Relief: The US commits to ending all sanctions against Iran, including those from the UN Security Council and unilateral US sanctions, on a schedule to be agreed upon in the final agreement.
- Nuclear Commitments: Iran reiterates its commitment to never produce nuclear weapons, with both parties agreeing to address nuclear-related issues in the final agreement.
- Status Quo Maintenance: Pending a final agreement, Iran will maintain its current nuclear program, and the US will refrain from imposing new sanctions or increasing military presence in the region.
- Export Waivers: The US Treasury Department will issue waivers for exports of Iranian crude oil and related services until sanctions are lifted.
- Release of Funds: The US will release frozen or restricted Iranian funds and assets, making them available for use as determined by the Central Bank of Iran.
- Implementation Mechanism: An oversight mechanism will be established to ensure the successful implementation of the final agreement.
- Negotiation for Final Agreement: Following the signing of the memorandum and assurances regarding the implementation of specific articles, negotiations for a final agreement will commence.
- UN Security Council Approval: The final agreement will require approval through a binding resolution of the UN Security Council.
As reported by www.arnnewscentre.ae.
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Published on 2026-06-17 21:59:00 • By FAME Delivered News Desk