US and Iran leaders sign pact to cease hostilities

U.S. President Donald Trump and Iranian Supreme Leader Masoud Beizhikian signed a memorandum of understanding via video call aimed at ending the war in the Middle East. The agreement includes a reduction in uranium enrichment levels as part of a 60-day negotiation process, in exchange for suspending American sanctions on Iran’s oil exports, with full lifting of sanctions upon reaching a final agreement. It also addresses restarting navigation through the Strait of Hormuz within 30 days, ending the blockade of ports, and cooperating to rebuild the Iranian economy with a minimum of $300 billion.

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