US President Donald Trump and Iranian President Masoud Pezeshkian have signed a 14-point MoU aimed at ending the conflict between the two nations. The interim agreement was finalised electronically during the G7 summit in France.
The agreement mandates an immediate ceasefire, the reopening of the Strait of Hormuz, and a 60-day negotiation period for a comprehensive peace settlement. The US and its regional partners have also committed to a $300 billion reconstruction fund to support the economic development of Iran.