The United States and Iran have officially signed a 14-point preliminary peace agreement designed to end the devastating months-long war in the Middle East. The historic pact, signed by US President Donald Trump and Iranian President Masoud Pezeshkian, comes into effect immediately, launching a crucial 60-day ceasefire and negotiation period.
The primary focus of the memorandum of understanding (MoU) is the immediate reopening of the Strait of Hormuz, addressing Iran’s enriched uranium stockpile, and establishing a framework for sanctions relief.
Key Provisions of the Peace Agreement
- Reopening the Strait of Hormuz: The blockade of this vital global oil chokepoint will end immediately, aiming to restore international supply chains and stabilize global markets that have seen severe inflation.
- Unfreezing Iranian Assets: The US has agreed to unfreeze billions of dollars in Iranian assets.
- 60-Day Ceasefire: An earlier ceasefire announced in April has been extended by another 60 days. This extension also applies to Lebanon, giving all parties a window to negotiate a permanent truce.
- Nuclear and Economic Relief Framework: The deal commits Iran to destroying its “nuclear dust” in exchange for a phased, compliance-based rollback of economic sanctions.
Trump Defends Asset Unfreezing, Warns Against Violations
Speaking on the sidelines of the G7 Summit in France, President Donald Trump delivered a dual message of diplomatic pragmatism and military warning.
While confirming the deal, Trump issued a stark warning regarding compliance: “We’re going to bomb the hell out of them if they violate the agreement. I don’t want them to. I want them to honor the agreement.”
However, the President defended the controversial decision to unfreeze billions in Iranian funds, emphasizing the need to protect the US dollar’s dominance in the global financial system. “It’s not our money, it’s their money. And we froze it… If we didn’t give it back, nobody would ever invest in the dollar again,” Trump told reporters.
Background: A Devastating Regional Conflict
The peace deal marks a turning point in a conflict that began on February 28, 2026, when the US and Israel launched military operations against Iran. The initial strikes resulted in the death of Iran’s 86-year-old Supreme Leader Ayatollah Ali Khamenei and several senior military commanders.
The escalation rapidly deteriorated into a wider regional war, prompting Iran to block the Strait of Hormuz and sending shockwaves through the global economy. Now, with a preliminary framework in place, global leaders are watching closely to see if this 60-day window can secure lasting stability in the Middle East.
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