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Jun 18, 2026 Major1
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US and Iran Sign 14-Point Ceasefire Agreement; Trump Formally Endorses Deal at G7 Summit

The US and Iran have signed and activated a 14-point ceasefire agreement, with President Trump formally endorsing it at the G7 summit in France. The deal commits both nations to ending military operations permanently, respecting each other's sovereignty, and achieving a final agreement within 60 days, while the US will remove its naval blockade on Iranian ports within 30 days. The agreement also includes Iran's commitment to never develop nuclear weapons and establishes a $300 billion reconstruction fund.





Quick Facts
Who
President Donald Trump
What
US-Iran ceasefire agreement signed and activated
When
June 18, 2026 (publication date)
Where
Evian-les-Bains, France (G7 summit)
- US-Iran ceasefire agreement signed and activated
- Memorandum of Understanding executed
- Iran commits never to develop nuclear weapons
- $300 billion reconstruction fund established
- US naval blockade on Iranian ports to be removed
President Donald Trump has formally signed a ceasefire agreement with Iran at the G7 summit in Evian-les-Bains, France, with the deal now in effect following confirmation by a White House official. The 14-point Memorandum of Understanding represents a major diplomatic breakthrough after four months of conflict involving the US, Iran, and Israel. The agreement aims to establish an immediate and permanent termination of military operations on all fronts, including Lebanon, and commits to reopening the strategically vital Strait of Hormuz.
Key provisions of the accord include Iran's commitment never to develop nuclear weapons and the establishment of a $300 billion fund designated for the country's reconstruction and economic development, though the US is not obligated to contribute. The agreement is structured as "performance-based," meaning Iran will only benefit if it complies with its commitments. The accord emphasizes mutual respect for sovereignty and territorial integrity, with both nations pledging to refrain from interfering in each other's internal affairs and refraining from initiating military operations or threats going forward.
The deal sets a maximum 60-day timeline for negotiating a final comprehensive agreement, with the possibility of extension by mutual consent. This countdown began after Iranian President Masoud Pezeshkian and Trump signed the MoU at a post-G7 dinner at the Palace of Versailles on Wednesday night. A formal signing ceremony in Geneva, initially indicated by both sides, may no longer proceed given the document has already been executed.
Critical to the agreement's implementation is the removal of US naval blockades on Iranian ports, which must be completed within 30 days. During this transition period, the number of vessels permitted through Iranian ports will correlate with traffic restored by Iran in the Strait of Hormuz. Additionally, within 30 days of a final deal being signed, the US has committed to withdrawing American military forces from proximity to Iran.
The agreement has generated significant questions regarding its enforcement and Israel's role, particularly concerning ongoing military operations in Lebanon. Iran has made clear that continued Israeli military action against Hezbollah would constitute a violation requiring "necessary measures." Trump officials have expressed growing concern that such operations could jeopardize the agreement. The deal leaves many substantive issues unresolved, and it remains unclear how Israel will respond to provisions mandating Lebanese territorial integrity and sovereignty.
Why This Matters
This ceasefire marks a potential end to escalating military tensions in the Middle East that have threatened global energy security and regional stability. For businesses and investors, the reopening of the Strait of Hormuz and the removal of US naval blockades could restore critical oil shipping routes and reduce geopolitical risk premiums. For citizens, the agreement offers a chance to redirect resources away from military spending toward reconstruction and development. However, the deal's success depends on enforcement mechanisms and Israel's compliance, making its ultimate impact on regional peace uncertain.
Timeline & Sources
Feb 18, 2026
WireConflict between US, Iran, and Israel breaks out
Jun 18, 2026
WireTrump and Pezeshkian sign 14-point ceasefire Memorandum of Understanding at Palace of Versailles during G7 summit
Jun 18, 2026
WireAgreement takes effect; 60-day countdown begins for final comprehensive deal