The United States and Iran have signed a 14-point interim agreement aimed at extending the existing ceasefire by another 60 days and laying the groundwork for negotiations on a final peace deal after months of conflict.
The agreement was formally signed on Wednesday by US President Donald Trump and Iranian President Masoud Pezeshkian. According to officials from both countries, the document was digitally executed in English and Farsi and came into effect immediately.
The memorandum reportedly calls for an immediate halt to hostilities across all fronts, including Lebanon. It also includes provisions for reopening the Strait of Hormuz, easing restrictions on Iranian ports, waiving certain US sanctions, unfreezing Iranian assets, and establishing a proposed $300 billion fund for post-war reconstruction.
Despite the breakthrough, President Trump warned that the United States would respond militarily if Iran failed to comply with the terms of the agreement. At the same time, he expressed hope that the next 60 days of negotiations would help secure lasting peace in the Middle East and contribute to lower global oil prices.
Officials revealed that the agreement had initially been signed electronically by US Vice President JD Vance and Iran’s chief negotiator Mohammad Baqer Qalibaf before receiving final approval from Trump and Pezeshkian. The White House later confirmed that the agreement had been shared with Iran and other mediating nations to facilitate its implementation.
Negotiations are expected to continue in Geneva, although officials clarified that the upcoming meeting in Switzerland is intended for further discussions rather than a formal signing ceremony.
The conflict, which began in late February, had severe consequences for the region and global markets, leading to thousands of casualties and raising concerns over energy prices, inflation, and food security. The latest agreement extends the ceasefire announced earlier and provides both sides with a fresh window to pursue a permanent settlement.
Iranian leaders welcomed the development, describing it as a diplomatic achievement and emphasizing that negotiations had produced greater results than military action. The agreement is also expected to facilitate the release of billions of dollars in previously frozen Iranian assets.
With both nations committing to another round of talks, hopes have risen for a more comprehensive peace agreement and greater stability across the Middle East.
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