What is the 14-point US-Iran MoU virtually signed by Trump and Masoud Pezeshkian?

What is the 14-point US-Iran MoU virtually signed by Trump and Masoud Pezeshkian? Permanent end to military operations, Hormuz reopening explained

US President Donald Trump and Iranian President Masoud Pezeshkian virtually signed a 14-point memorandum of understanding (MoU). This latest MoU was signed to end hostilities between the two countries, reopen the Strait of Hormuz, and launch a 60-day process to negotiate a final agreement on sanctions and Iran's nuclear programme. At present, United States President Donald Trump is attending the G7 Summit in Evian. Citing a White House official, CNN reported that Trump personally signed the memorandum on Wednesday while meeting French President Emmanuel Macron in Paris.

The agreement, which was also signed by Pezeshkian, immediately came into effect. According to a CNN report, the detailed document with the title, 'Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran' was released by the US after a controversial backlash due to the lack of disclosure concerning the contents of the agreement.

'This is fundamentally an agreement that allows us to open the Strait of Hormuz immediately, commit the Iranians to destroying the nuclear dust, and then gives us a dial where if the Iranians dial up their good behavior, we respond by dialing up the kind of economic and sanctions relief that can make them a more prosperous country,' the senior US official was quoted as saying to CNN.

As reported by Press TV, Esmaeil Baghaei, the spokesperson of the Foreign Ministry of Iran, said that both parties signed the Memorandum of Understanding.

Sharing a post on X, the White House wrote, 'President Donald J. Trump has SIGNED the Iran Memorandum of Understanding at Versailles in France.'

French President Emmanuel Macron on Wednesday (local time) welcomed the signing of the Iran-United States Memorandum of Understanding (MoU). 'President Trump signed tonight at Versailles the agreement between Iran and the United States. This agreement paves the way for lasting peace and allows the reopening of the Strait of Hormuz. It is an important step in the right direction for our compatriots that will soon enable a decrease in energy prices,' he wrote.