Trump and Iran's President Sign a 14-Point Memorandum at Versailles to End the War and Reopen Hormuz

President Trump and Iranian President Masoud Pezeshkian signed an interim memorandum of understanding on June 17, 2026 setting terms to end the war that began February 28 and to reopen the Strait of Hormuz. Trump was filmed signing at the Palace of Versailles in video published by French President Emmanuel Macron; Pezeshkian signed separately, according to Iranian state media. Under the 14-point memorandum, Iran would dilute its stockpile of enriched uranium in exchange for the United States lifting sanctions, unfreezing Iranian funds and assets, and allowing Tehran to sell oil freely. It declares an intent to bring about an 'immediate and permanent termination of military operations' and starts a 60-day window for talks toward a final deal. A U.S. official told NBC News the memorandum had already been signed digitally on June 14 by Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf.

An executive agreement of this scope — lifting sanctions and settling the terms of a months-long conflict — was concluded without Senate ratification, in a war Congress had not authorized and had voted to end two weeks earlier.

Trump warned he could resume attacks if Tehran failed to comply.