U.S. President Donald Trump and Iranian President Masoud Pezeshkian have signed a memorandum of understanding (MoU) aimed at ending ongoing conflicts between their countries and allies. The signing took place at the Palace of Versailles in Paris, where Trump confirmed the agreement while attending the G7 summit. French President Emmanuel Macron shared a short video of the signing on social media, and Iran’s government later confirmed Pezeshkian’s electronic signature on the document. Pakistani Prime Minister Shehbaz Sharif, who mediated the talks, announced that the agreement takes effect immediately.

According to Iran’s Foreign Ministry spokesperson Esmail Baghaei, the MoU was signed electronically from separate locations, with no formal ceremony planned. The 14-point document outlines an immediate and permanent ceasefire across all fronts, mutual respect for sovereignty, and a 60-day timeline to reach a final agreement. It also includes provisions for lifting U.S. sanctions, restoring maritime trade, and initiating a $300 billion reconstruction plan for Iran. The final accord will be submitted to the UN Security Council for approval.

The early signing came a day before a planned ceremony in Switzerland, signaling both nations’ urgency to implement the ceasefire and begin the peace process.