&imwidth=800&imheight=600&format=webp&quality=medium "Trump, Pezeshkian digitally sign US-Iran peace deal; MoU comes into force")
US President Donald Trump and Iranian President Masoud Pezeshkian signed a memorandum of understanding on Wednesday aimed at ending months of conflict between Washington and Tehran and easing tensions across the Middle East.
Speaking to reporters after the signing, Trump confirmed the development.
"Just signed it," Trump said as he emerged from the palace.
According to US and Iranian officials, both presidents formally signed the document on Wednesday after it was initially endorsed electronically on Sunday by US Vice President JD Vance and Iran's chief negotiator Mohammad Baqer Qalibaf. The agreement took effect immediately, replacing plans for a formal signing ceremony in Switzerland.
Iran also confirmed the signing. Foreign Ministry spokesman Esmaeil Baqaei, quoted by state news agency IRNA, said the document "was finalized with the signatures of the presidents."
The agreement seeks to end a conflict that began on February 28 and later spread across the region through missile and drone attacks. The fighting also disrupted shipping through the Strait of Hormuz, one of the world's most important trade routes.
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"Now it is time to test the implementation of the agreement," Baqaei said.
Also Read: Iran to charge ships crossing Strait of Hormuz after 60 days; calls deal 'record of US failure'
Under the agreement, the United States will immediately remove oil sanctions that have placed significant pressure on Iran's economy.
The document also provides that once a final understanding is reached on Iran's nuclear programme, Washington will facilitate the release of a $300 billion reconstruction fund backed by regional countries.
A two month negotiation period will now begin, with the reopening of the Strait of Hormuz expected to be one of the first steps.
According to the text released by US officials, Iran will dilute its enriched uranium stockpile, potentially through "down-blending on site under the supervision of the IAEA", the United Nations nuclear watchdog.
The measure is expected to pave the way for wider economic support for Tehran. A US official, however, said Washington would not be required to provide direct financial assistance.
However, the continued violence in Lebanon could complicate the implementation of the agreement and risk reigniting regional tensions. Iran had earlier come close to withdrawing from negotiations following Israeli strikes on Beirut.
