U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed an electronic memorandum of understanding overnight Thursday, according to the report. Just before the signing, Trump issued another warning to Iran’s clerical leadership, saying, "If the Iranians do not respect the agreement I will bomb them. You can view it as a threat."
Under the deal, as described Wednesday night by a senior White House official, the United States would lift the naval blockade on Iran within 30 days, launch an economic reconstruction and development program worth at least $300 billion, and cancel all American and international sanctions on Tehran. Iran would immediately receive approval to export crude oil and petroleum products, and frozen Iranian assets and funds would be unfrozen.
In return, Iran committed to ensuring free and safe passage for ships through the Strait of Hormuz without charge, and to conduct mine-clearing operations within a month. On the nuclear issue, Iran said it will neither acquire nor develop nuclear weapons, and both sides agreed on a mechanism to dilute enriched material under International Atomic Energy Agency supervision. Until a final agreement is completed, they agreed to preserve the status quo, meaning Iran will not change the nature of its nuclear activity and the United States will impose no new sanctions.
The sides said they aim to finish negotiations on a final, binding agreement within 60 days, and that it will gain official force through a UN Security Council resolution. A dedicated monitoring mechanism will be set up to ensure implementation of both sides’ commitments. Pakistan’s Prime Minister Shehbaz Sharif later said on X that the memorandum had been signed electronically between the United States and the Islamic Republic of Iran and that he had ratified it as mediator, praising Trump, the U.S. negotiating team, Iran’s leadership, Qatar, Saudi Arabia, Turkey and Egypt for helping secure the agreement.
