A Juggernaut Analysis: President Donald Trump and Iranian President Masoud Pezeshkian have signed a 14-point preliminary peace agreement to end the U.S.–Iran war that erupted in February 2026. The agreement, executed as a Memorandum of Understanding (MoU) at a post-G7 dinner at the Palace of Versailles in France, institutes an immediate 60-day ceasefire and framework for comprehensive technical talks. Core Terms of the 14-Point AgreementThe interim framework outlines immediate operational actions alongside long-term diplomatic concessions:

  • Ceasefire: An immediate and permanent termination of military operations on all fronts, including Lebanon.
  • Blockade Lifted: The United States will phase out and completely end its naval blockade of Iranian ports within 30 days.
  • Strait of Hormuz: Iran commits to utilizing its best efforts to safely reopen the shipping lane to commercial traffic free of charge.
  • Sanctions Relief: The U.S. is issuing immediate waivers allowing the unrestricted export of Iranian crude oil and petroleum derivatives, moving toward full termination of all American and UN sanctions.
  • Frozen Assets & Funding: The U.S. will unfreeze billions in restricted Iranian assets and work with regional partners to formulate a $300 billion fund for the economic development and reconstruction of Iran.
  • Nuclear Commitments: Iran reaffirmed it will not procure or develop nuclear weapons. Under the supervision of the International Atomic Energy Agency (IAEA), Iran will begin down-blending its stockpile of highly enriched uranium.

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