Iran and US Sign Agreement to End War, Paving Way for Negotiations

The United States and Iran have signed a memorandum of understanding to end their ongoing conflict, according to a report by the American news website Axios. President Donald Trump reportedly signed the document digitally while visiting the Palace of Versailles in France. This agreement is expected to de-escalate the military standoff and initiate new negotiations concerning Iran's nuclear program.

The memorandum outlines broad economic and security arrangements. Key provisions include the reopening of the Strait of Hormuz and a substantial development plan for Iran, valued at a minimum of $300 billion. Both parties have committed to an immediate and permanent cessation of military operations on all fronts. They also pledged to refrain from using force or the threat of force in the future, while respecting each other's sovereignty and non-interference in internal affairs.

Negotiations for a final agreement are set to commence within 60 days, with the possibility of extension by mutual consent. These talks will address critical issues including nuclear capabilities, security concerns, and economic relations between the two countries. The US has agreed to begin lifting naval blockades against Iran immediately, with full removal within 30 days of the final agreement. Similarly, US forces will withdraw from Iran's vicinity within 30 days.

In return, Iran has pledged to ensure the safe and free passage of commercial vessels through the Strait of Hormuz for 60 days, with navigation resuming immediately. The country will also work to clear mines and remove other obstacles to restore maritime traffic within one month. Furthermore, Iran will consult with Oman and other Gulf states on the future management of maritime services in the Strait. The agreement also includes a significant economic component: a plan for Iran's reconstruction and development, to be undertaken in cooperation with regional partners, including necessary financial licenses and exemptions. The US has also committed to ending all sanctions against Iran, including UN and IAEA resolutions, according to a timetable to be agreed upon during the upcoming negotiations. Iran has reaffirmed its commitment not to pursue nuclear weapons.

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The agreement paves the way for ending the military standoff between the two sides and opening a new negotiating track regarding the Iranian nuclear program.