Trump Signs Iran Ceasefire Memo at Versailles Palace
U.S. President Donald Trump signed and put into force a memorandum on ending hostilities with Iran at the Palace of Versailles outside Paris on the 17th, the White House said. He was visiting to attend a dinner with French President Emmanuel Macron.
Signing at Versailles
Trump told reporters in the early hours of the 18th, as he got into a car after the dinner with Macron, 'It is signed. I signed it at Versailles.'
The original plan was to hold a formal signing ceremony in Switzerland on the 19th, but the two leaders switched to signing remotely, apparently bringing the memorandum into force ahead of schedule. The French presidency also acknowledged that Trump signed it while staying at the Palace of Versailles.
Details of the memorandum and next steps
Iranian Foreign Ministry spokesman Esmail Baghaei also said in the early hours of the 18th that the presidents of the two countries had signed a memorandum aimed at ending the fighting, Iranian media reported.
Baghaei said that after carefully reviewing the situation, it was judged best for the two presidents to sign. He said the text of the memorandum was prepared in Persian and English to signal a high level of transparency. The two language versions are identical, and Iran considers them fully valid.
A senior U.S. government official had earlier released the full 14-point memorandum. It says both sides will reopen the Strait of Hormuz at the time of signing. With the signatures of the two leaders, Iran's blockade of the strait and U.S. restrictions on access to Iranian ports will be lifted.
The lifting of the blockade will be completed within 30 days, and free passage will be allowed for 60 days. The memorandum states that 'Iran will not seek or develop nuclear weapons' and says technical details, including the disposal of enriched uranium, will be worked out during the 60-day negotiation period. If a final agreement is reached, the United States promised to lift 'all kinds of sanctions'.
In addition, the United States and regional partner countries will provide Iran with at least $300 billion in reconstruction funds. It says sanctions will be eased so that the United Arab Emirates can build power plants in Iran.
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