Trump and Irans Pezeshkian sign interim peace deal ending six-month war
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19 days · 10 summary articles
US President Donald Trump and Iranian President Masoud Pezeshkian on Wednesday signed an interim peace deal in Versailles, formally ending the six-month US-Israeli military campaign against Iran and paving the way for a 60-day negotiation window to finalize a comprehensive agreement.
Under the memorandum of understanding, Tehran will begin diluting its enriched uranium stocks within the next two months, while Washington will lift sweeping economic sanctions and release a $300 billion reconstruction fund to stabilize Iran’s economy . The accord restores the pre-war status quo and commits both sides to reopen the Strait of Hormuz to global shipping, a critical artery for 20% of the world’s oil supply.
Speaking to reporters at the Palace of Versailles, Trump confirmed the signing, stating, “It is signed. I just signed it in Versailles,” and warned that renewed bombing would resume if a full agreement is not reached within 60 days . Iranian officials, however, signaled that the strait will not revert to prewar conditions after the truce period. A senior negotiator told *The Guardian* that Tehran intends to impose fees on ships transiting the waterway, a move that could reignite tensions .
The deal, initially brokered by Pakistan on 15 June, was met with a mixed international response. Crude oil prices fell further on Thursday as markets reacted to the easing of hostilities, while equity markets showed a cautious optimism following the US Federal Reserve’s latest decision . Analysts at *The Irish Times* noted that Trump framed the agreement as a bulwark against global economic depression, though critics argue the deal reflects the unrealistic ambitions of an unsustainable war .
Behind the scenes, Trump’s relationship with Israeli Prime Minister Benjamin Netanyahu remains strained. According to a *Wall Street Journal* report, Trump urged Netanyahu to halt the destruction of buildings during a phone call about Israel’s military campaign in Lebanon, a conversation described as increasingly hostile as the war escalated .
With the interim deal now in place, the focus shifts to the 60-day negotiation period, where the thorniest issues—Tehran’s nuclear program and the phased lifting of sanctions—will be hammered out. Both leaders have staked their political futures on the outcome, leaving little room for further escalation.
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