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Washington: US President Donald Trump signed an agreement with Iran on Wednesday that calls for Tehran to dilute its stockpile of highly enriched uranium and waives US-backed sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington, according to details released by both countries.

The initial deal to end the war takes “immediate effect” after leaders from both countries signed it, Pakistani Prime Minister Shehbaz Sharif, who helped mediate the agreement, said online.

I am honoured to announce that the historic ‘Islamabad Memorandum of Understanding’ has been electronically signed today between the United States of America and the Islamic Republic of Iran. The Memorandum has been signed by honourable Presidents of both the countries and also… — Shehbaz Sharif (@CMShehbaz) June 18, 2026

I am honoured to announce that the historic ‘Islamabad Memorandum of Understanding’ has been electronically signed today between the United States of America and the Islamic Republic of Iran. The Memorandum has been signed by honourable Presidents of both the countries and also…

— Shehbaz Sharif (@CMShehbaz) June 18, 2026

The agreement calls for a permanent end to hostilities and starts a 60-day negotiating clock to reach a final deal on the future of Iran’s nuclear program, though Trump left the door open to resume attacks. It appears to offer Iran several benefits up front while extracting little in return.

The deal has been shrouded in secrecy and confusion for days. US officials refused to disclose the terms even after saying Trump and Vice President JD Vance digitally signed it over the weekend. Trump signed a physical copy Wednesday (June 17) while dining with French President Emmanuel Macron at Versailles, the palace where many historic agreements have been signed over the centuries, ending wars or territorial disputes.

The White House had planned a signing ceremony on Friday in Switzerland, but its fate is now uncertain, with conflicting information from the US, Iran and Pakistan.

“It’s signed,” Trump said as he left the dinner at Versailles, which followed his trip to the Group of Seven summit in France.

🚨 President Donald........

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