A candlelit ceremony at the Palace of Versailles ended a war that killed thousands and paralysed a global shipping artery.
The pen hit paper at Versailles on Wednesday night. Donald Trump and Iran's President Masoud Pezeshkian signed a memorandum of understanding that aims to end the Middle East war launched on February 28, when the United States and Israel struck Iran and triggered weeks of missile and drone salvos across the region. "Just signed it," Trump told reporters as he walked out of the candlelit palace. French President Emmanuel Macron and assembled guests applauded, according to a video posted by a Trump aide.
The core exchange is stark: Iran agrees to dilute its enriched uranium stockpiles, and the United States agrees to lift crippling oil sanctions immediately and unblock Iranian ports. As a first step, Tehran will reopen the Strait of Hormuz — the narrow waterway through which a significant share of the world's oil passes and which Iran had effectively shut down during the conflict. Washington will simultaneously end its naval blockade. Once a final nuclear agreement is reached, a $300 billion reconstruction fund, backed by regional nations, will be released to Iran.
Pakistan, which mediated the negotiations, played a pivotal public role.