Iran Confirms US-Iran Peace Memorandum Has Been Signed by Both Sides
Iranian Foreign Ministry spokesperson Esmaeil Baghaei said the agreement text has been officially signed by the presidents of both countries. Iranian state media reported the announcement early Thursday, confirming that the diplomatic framework is now formally in place.
A U.S. official separately confirmed to Reuters that President Donald Trump and Iranian President Masoud Pezeshkian signed the memorandum on Wednesday.
The agreement is intended to end hostilities between the two countries, reopen the Strait of Hormuz, restore maritime traffic and launch a 60-day negotiation process aimed at reaching a broader settlement covering sanctions, nuclear issues and regional security.
The electronic signing also means the peace process is moving faster than originally expected. Earlier plans called for a formal signing ceremony in Switzerland, but officials now say the legal and political framework has already been approved remotely.
Attention now shifts to implementation. Negotiators must still resolve key issues including sanctions relief, nuclear verification, enriched uranium stockpiles and the future role of international inspectors.
Global markets are closely watching developments because the agreement could significantly increase Iranian oil exports and reduce risks to one of the world's most important energy corridors.