US President Donald Trump and Iranian President Masoud Pezeshkian have signed a memorandum of understanding setting out a framework for negotiations aimed at ending the conflict between the two countries, with both governments releasing the text of the agreement.
The 14-point document commits both sides to concluding a final deal within 60 days, extendable by mutual consent. Under its terms, Iran agreed to reduce uranium enrichment levels as part of the talks, with the United States offering to suspend sanctions on Iranian oil in return, and to lift those sanctions entirely if a final agreement is reached.
On the military side, Washington committed to begin removing its naval blockade against Iran immediately and to bring it to a full end within 30 days. Iran, for its part, committed not to pursue nuclear weapons and to place portions of its enriched uranium stockpile under International Atomic Energy Agency supervision.
The memorandum also sets out an economic component: the United States said it would work with regional partners to develop a reconstruction and development plan for Iran worth at least $300 billion.
The agreement was signed remotely. Whether the 60-day window proves sufficient for a binding deal of this complexity remains to be seen, though the framework represents the most concrete structural commitment between Washington and Tehran in years.
