US-Iran Memorandum of Understanding Details 14-Point Agreement (bbc.com)

• Immediate cessation of all military operations
• US naval blockade lifted within 30 days
• $300 billion reconstruction fund for Iran

"The US and Iran signed a memorandum of understanding on June 18, 2026, at the Palace of Versailles, providing an immediate ceasefire and termination of military operations. The 14-point deal includes lifting the naval blockade, reopening the Strait of Hormuz, and lifting all sanctions. Both sides commit to finalizing a comprehensive agreement within 60 days."