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Trump Finalizes Peace Agreement with Iran During Versailles Dinner

KVIA•Wednesday, June 17, 2026 at 5:38 PM•ABC News

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AI Summary

President Donald Trump has officially signed a memorandum of understanding (MOU) with Iran, marking the end of military hostilities between the two nations. This signing took place during a dinner with French President Emmanuel Macron at the Palace of Versailles. The MOU, which was initially signed digitally by Vice President Vance and Iranian Speaker Ghalibaf, outlines key provisions such as the cessation of military operations, the removal of U.S. naval blockades within 30 days, and a commitment to negotiate a final deal within 60 days. The agreement also includes significant economic development plans for Iran, with a proposed $300 billion investment. This development is crucial as it could lead to the reopening of the Strait of Hormuz, impacting global shipping routes.

Key Details: • MOU signed on June 17, 2026, during a dinner at Versailles. • U.S. to remove naval blockade within 30 days post-signing. • Final deal negotiations to be completed within 60 days. • Iran to ensure safe passage for commercial vessels for 60 days. • $300 billion investment plan for Iran's reconstruction included.

trump diplomacy iran middle-east peace-agreement

People & Organizations

Donald TrumpVanceEmmanuel MacronGhalibafPezeshkianPalace of Versailles

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