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NewsNBC Miami PoliticsJune 17, 2026Miami-Dade

U.S. and Iran Sign Memorandum to End War and Address Nuclear Program

President Donald Trump and Iranian President Masoud Pezeshkian have signed a 14-point memorandum of understanding aimed at ending the ongoing conflict between the U.S. and Iran. The agreement includes provisions for lifting sanctions, unfreezing Iranian assets, and establishing a framework to prevent Iran from developing nuclear weapons.

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Why It Matters

This agreement initiates a 60-day negotiation period to finalize a permanent peace deal, which includes the potential release of frozen Iranian assets and the removal of U.S. , while requiring Iran to halt nuclear enrichment and manage regional militant groups.

Key Facts

  • The U.S. and Iran signed a 14-point memorandum of understanding to terminate military operations.
  • Both parties have 60 days to negotiate a final deal, extendable by mutual consent.
  • The U.S. intends to lift all sanctions and unfreeze Iranian assets, contingent on Iran's compliance.
  • Iran reaffirms it will not develop nuclear weapons and agrees to a mechanism for its enriched material stockpile.
  • The Strait of Hormuz will reopen for commercial vessels with no charges for 60 days.
  • A $300 billion fund for Iranian reconstruction and economic development is proposed, though the U.S. is not required to contribute.
  • The U.S. will begin removing its naval blockade of Iranian ports.
  • The agreement requires Iran to restrain Hezbollah from attacking Israel.
  • Implementation will be monitored via a binding U.N. Security Council resolution.
  • The war began on Feb. 28, and fighting in Lebanon began on March 2.
  • A ceremonial signing event is scheduled for Friday in Switzerland.

Who's Mentioned

personMohammad Bagher Ghalibaf“Iranian Parliament Speaker”personJD Vance“Vice President of the United States”organizationG7“Group of Seven world leaders”organizationHezbollah“Tehran-backed militant group”personEmmanuel Macron“President of France”personMasoud Pezeshkian“President of Iran”personDonald Trump“President of the United States”