Donald Trump and Iran's Masoud Pezeshkian signed a landmark 14-point memorandum of understanding at Versailles on June 17, brokered by Emmanuel Macron, establishing an immediate ceasefire on all military fronts and committing to a final peace agreement within 60 days. The accord includes US sanctions relief worth $300+ billion, reopening the Strait of Hormuz, Iran's nuclear freeze, and commitments from both parties to cease interference in each other's affairs.
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