Read the 14-point memorandum of understanding between the United States and Iran

The United States and Iran signed a 60-day ceasefire agreement and plan to reopen the Strait of Hormuz, with potential sanctions relief and a $300 billion reconstruction incentive contingent on a final deal. President Donald Trump and Vice President JD Vance electronically signed the accord, leaving Iran’s nuclear program for future negotiations, while Trump warned of renewed military action if Iran violates terms.