US President Donald Trump speaks at a press conference during the G7 Leaders' Summit on June 17, 2026 in Evian-les-Bains, France. Anna Moneymaker/Getty Images

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US and Iran sign memorandum to reopen Strait of Hormuz

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Donald Trump and Masoud Pezeshkian have signed a memorandum to end the war and reopen the world's busiest oil chokepoint, although a Swiss signing ceremony and Israel's stance both remain in doubt.

The United States and Iran have signed a memorandum of understanding intended to end their war and reopen the Strait of Hormuz, raising hopes across Europe of falling energy prices.

US President Donald Trump signed the document on June 17 at the Palace of Versailles, during a dinner with French President Emmanuel Macron held after the Group of Seven (G7) summit in Évian-les-Bains, eastern France. Iran said its President Masoud Pezeshkian signed the text separately, with state media publishing images of his signature on a Farsi-language copy.

Asked about the agreement as he left Versailles, Trump said: “It’s signed. Signed in Versailles. Just signed it.”

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