US and Iran Sign 14-Point Ceasefire Agreement; Trump Formally Endorses Deal at G7 Summit

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.