Trump signs Iran ceasefire memorandum to end Strait of Hormuz blockade

This is the historic moment Donald Trump officially signs an agreement to end the war with Iran.

Trump signed the memorandum, which aims to end the Strait of Hormuz blockade and all strikes in the Middle East, in front of French leader Emmanuel Macron in Versailles.

The US has reportedly pledged a $300 billion reconstruction fund to Iran

US president Trump receives a tour of Chateau de Versailles from President Emmanuel Macron

Trump with Macron and his wife Brigitte at the Palace of Versailles

Tehran’s leaders also signed their memorandum of understanding electronically on Wednesday, and it is now in effect, the White House confirmed.

US President Trump personally signed his own copy of the memorandum during a dinner with Macron and his wife Brigitte at the Palace of Versailles on Wednesday evening.

A photograph of the signed document was then sent to the Iranians and mediators, Axios reports.

The 60-day ceasefire agreement was initially due to be signed in Switzerland on Friday, with negotiators now expected to meet to work out the finer details.

Iran’s President Masoud Pezeshkian holding a document showing a memorandum of understanding he signed to end the Middle East war

The deal would guarantee shipping resumes to pre-war conditions in 30 days

According to the peace deal, the Iranian regime will reaffirm its pledge to “never produce nuclear weapons.”

The 14-point agreement also suggests that Iran is set to receive “at least” $300 billion (£223 billion) as part of a reconstruction fund after months under the sword.

A clause states that the US and its regional partners will pledge the funds for the rehabilitation and “economic development” of Iran, according to Axios.

US officials have emphasized that the money will not come out of taxpayers’ pockets.

Iran’s mullahs will also have to reach certain benchmarks in order to release these funds.

The deal will reportedly allow Tehran to sell oil freely during that period through a temporary sanctions waiver – allowing a massive revenue stream into its struggling economy.

Both parties would agree to lift their blockades in the Strait of Hormuz, and the deal would also allow Iran to manage reopening the key trade route.

Under these conditions, it guarantees that shipping will be restored to pre-war levels within 30 days of the ceasefire signing.

The key trade route – through which one-fifth of the world’s oil passes – has been blocked since the outbreak of fighting, causing oil prices to soar.

But, Trump has vowed that “all hell will rain down” if Iran ends up developing nukes.

He also warned the deal “is not final” and threatened to bomb the regime if they didn’t “behave.”

Iran’s foreign ministry spokesman has responded with a chilling warning that Tehran’s missiles are “only meant to be fired” and “not negotiated.”

Mohammad Bagher Ghalibaf told state media Iran’s finger is still “on the trigger.”

He said shortly before the agreement: “It’s a memorandum of understanding. And if I don’t like it, we’ll go back to shooting at them, dropping bombs on their head.

“If I don’t like it, if they don’t behave, we’ll go right back to dropping bombs right smack in the middle of their head, OK?”

But he praised the framework agreement signed on Sunday, adding: “That’s a very strong deal.

“Nobody knows what it is, but it’s very strong, and most people seem to be very happy.”

Trump told Israel’s Benjamin Netanyahu again to hold back in Lebanon, where continued fighting between the IDF and Hezbollah has repeatedly threatened peace talks.

He said: “Without the United States, there would be no Israel.

“Israel would have been blown up a long time ago, had I not gotten involved.”

Hezbollah claimed that Iran would not sign a “final nuclear deal” with the US, the second planned part of an agreement unless Israel first pulls out of Lebanon completely.

Sir Keir Starmer previously congratulated Trump on his peace deal with Iran, calling it an “important breakthrough.”

The PM said: “Let me first say how much we welcome the deal that President Trump has been able to get in this situation, congratulate him and the mediators on the work that they have done because this is a really important breakthrough.”