Trump signs US-Iran agreement; US lifts naval blockade as Iran's leader says deal 'out of desperation'

The United States and Iran have signed a preliminary agreement, known as a Memorandum of Understanding, effectively lifting the U.S. naval blockade on Iranian ports and facilitating the reopening of the Strait of Hormuz. This agreement, signed by U.S. President Donald Trump and Iranian President Masoud Pezeshkian, aims to de-escalate the recent conflict between the nations.

Following this initial step, a 60-day period has commenced for further negotiations to finalize comprehensive peace terms. These discussions are expected to address critical outstanding issues, including Iran's nuclear program, the scope of sanctions relief, and plans for economic development in Iran.

Despite the signing of this memorandum, significant disagreements persist between both parties. The deal has faced criticism for potentially restoring pre-war conditions, and both U.S. and Iranian officials have continued to express strong reservations and maintain a cautious stance on the path toward a lasting peace.