US President Donald Trump signed an initial agreement with Iran on Wednesday, calling for Tehran to dilute its highly enriched uranium stockpile and waiving US-backed sanctions, allowing Iran to freely sell oil. The deal, mediated by Pakistani Prime Minister Shehbaz Sharif, takes immediate effect and aims to permanently end hostilities.
Key Terms of the Agreement
The agreement starts a 60-day negotiating period for a final deal on Iran's nuclear program. It includes reopening the Strait of Hormuz without tolls for two months, though future fees are possible. The US will waive but not eliminate some sanctions, while Iran commits to halting enrichment activities.
Signing Ceremony
Trump signed a physical copy at Versailles during a dinner with French President Macron. Iran's President Masoud Pezeshkian also signed, as confirmed by state media. The White House had planned a ceremony in Switzerland, but its status remains uncertain.
Regional Implications
The deal affirms Lebanon's territorial integrity amid Israel's invasion, though Israel has rejected withdrawal conditions. The US and Israel initiated hostilities on February 28 to prevent Iran from acquiring nuclear weapons.
Text of the agreement has not been formally released, but drafts from both countries align on key points. The deal restores pre-war conditions, including reopening the Strait of Hormuz, which had caused a global energy crisis.
