US, Iran sign 14-point MoU to halt West Asia war, reopen Strait of Hormuz
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US President Donald Trump and Iranian President Masoud Pezeshkian have remotely signed a 14-point memorandum of understanding aimed at ending the 15-week West Asia war, reopening the Strait of Hormuz and setting the stage for 60 days of negotiations on a permanent settlement.
Key facts
Reuters reported that the agreement, released on Wednesday, June 17, commits the United States, Iran and their allies to halt military operations on all fronts, including Lebanon
Reuters reported that oil prices fell after the agreement raised hopes for a recovery in maritime traffic through Hormuz, with Brent crude dropping below US$80 before recovering some ground after Trump warned that the US could resume
The document says Washington will work with regional partners on a reconstruction and economic development plan worth at least US$300 billion for Iran, with the mechanism to be finalised as part of a permanent deal
DSI detects THB28m transfers to People's Party MP in Forex probe
Summary
Reuters reported that the agreement, released on Wednesday, June 17, commits the United States, Iran and their allies to halt military operations on all fronts, including Lebanon. The document, titled the “Islamabad Memorandum of Understanding”, also defers some of the most difficult issues, including the future of Iran’s nuclear programme, to follow-up talks.
Trump signed the document while attending the G7 summit in France, shortly before a dinner hosted by French President Emmanuel Macron at the Palace of Versailles. US and Iranian officials said the two presidents digitally signed the agreement in English and Farsi, while Iran’s Foreign Ministry said the pact had entered into effect.