US-Iran memorandum establishes 60-day ceasefire and negotiation window (defence24.com)

• 60-day ceasefire, not a peace treaty; Israel not involved
• Iran to receive $300 billion reconstruction package and sanctions relief before final deal
• Nuclear issue deferred; Iran must not expand program but no final agreement yet

"The US-Iran memorandum, signed at the Palace of Versailles, is a non-binding MoU that creates a 60-day pause in military escalation, offers Tehran substantial economic concessions, and opens a window for final negotiations. It is not a peace treaty. Israel is not a party, and the document's success depends on Washington restraining Israel and Tehran controlling Hezbollah. The nuclear issue remains unresolved, and the $300 billion reconstruction package is contingent on future talks. The ceasefire could collapse due to renewed fighting in Lebanon, internal Iranian instability, or failure to lift sanctions."