The 14-point US-Iran Memorandum of Understanding (MoU), signed by US President Donald Trump at the Palace of Versailles in France and President Pezeshkian of Iran in Tehran on 17 June, 2026 , clearly indicates that Iran has won the first round of negotiations.
Tehran secured substantial political and economic gains, while questions relating to its nuclear programme were postponed to another round of talks. The agreement, therefore, remains an interim framework rather than a final settlement. Round Two is still to come and is likely to prove both more difficult and crucial.
