The United States and Iran have finalized a 14-point memorandum of understanding designed to officially bring to a close the ongoing conflict that started in February 2026, with President Trump endorsing the pact in Versailles on June 17. As part of the arrangement, Iran has consented to reduce its stockpile of enriched uranium in return for economic benefits, while the International Atomic Energy Agency is set to outline specific steps for implementation. The accord also touches on the situation in Lebanon and the long-impacted Strait of Hormuz, although analysts indicate that several key issues are still unresolved. US representatives describe this as the clearest indication yet that direct hostilities are decreasing. Financial markets and international shipping lanes are now closely monitoring the execution of this deal over the next 60 days.
