USA and Iran sign peace treaty at Versailles dinner

US President Donald Trump and Iranian President Masoud Pezeshkian signed a memorandum at the Palace of Versailles, establishing a 60-day ceasefire and opening the Strait of Hormuz to shipping. This is the first document jointly signed by US and Iranian presidents since the 1979 Islamic Revolution. The memorandum also provides for the resumption of Iranian oil sales and Tehran's commitment to abandon nuclear weapons development.

US President Donald Trump signed a memorandum with Iran at the Palace of Versailles in France, formally laying the groundwork for a peace treaty between the two countries. The signing took place during a dinner held as part of the G7 summit, which concluded on 17 June 2026. In a video released by French President Emmanuel Macron, Trump can be heard saying as he signs the document: "This wasn't easy."

Iranian authorities confirmed that the memorandum was also signed by Iranian President Masoud Pezeshkian, making the agreement binding. This is a historic moment-the last time US and Iranian presidents signed a joint document was before the 1979 Islamic Revolution.

What the treaty provides

The memorandum establishes a 60-day ceasefire and opens the Strait of Hormuz to international shipping. Under the treaty's terms, Iran may immediately resume oil sales and gains access to a $300 billion private equity fund. In return, Iran commits to abandoning nuclear weapons development and ensuring free passage through the Strait of Hormuz.

News outlet Axios reported, citing sources, that the signing was originally scheduled for 19 June in Geneva, but both sides decided to accelerate the process to enable the Strait of Hormuz to open to shipping as quickly as possible. A Geneva meeting between US Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf is still scheduled to proceed as planned.

Reactions to the treaty

Iranian Parliament Speaker Mohammad Bagher Ghalibaf, who participated in preparing the negotiations, said on Iranian television: "Everything we sought to achieve through military operations, we achieved through negotiations and more. There is nothing to compare."

Trump himself told journalists after the G7 summit that if Iran violates the treaty, "the US will bomb them to hell." The war with Iran has proven politically costly for the president, with discontent expressed by both voters and Trump's own party members, the latter now also criticizing the decision to end the war.

--