US-Iran Sign 14-Point MOU at Versailles; Nuclear Terms Remain Unresolved

Presidents Trump and Iran's president signed a preliminary memorandum of understanding — described as a 14-point framework — that includes ceasefire terms, the reopening of the Strait of Hormuz, some financial relief for Iran, and a reaffirmation from Tehran that it will never produce a nuclear weapon. The agreement was signed digitally in what Iranian state media described as an 'Islamabad MoU,' with a formal ceremony at the Palace of Versailles. A senior US administration official briefing Al-Monitor outlined the text, which had not been made fully public. Iranian parliamentary speaker Ghalibaf stated the framework includes a $300 billion investment component. However, reporting from the National Post and Al-Monitor both note that Iran's nuclear program — cited by the US as the principal casus belli — remains under active negotiation, meaning the core dispute is deferred rather than resolved. The deal opens a 60-day negotiation window.