US and Iran digitally signed a 14-point Memorandum of Understanding (MoU) at France’s Palace of Versailles, a venue that has witnessed some of the most important diplomatic moments in modern history. The agreement aims to end hostilities between Washington and Tehran and sets a 60-day timeline for negotiations on a broader settlement.
The Versailles agreement includes commitments related to ending military operations, reopening the Strait of Hormuz, addressing Iran’s nuclear programme and beginning a process for sanctions relief and economic cooperation. The MoU also states that Iran will not pursue nuclear weapons.
