US-Iran news LIVE: Pakistan Prime Minister Shehbaz Sharif on Thursday confirmed that the US-Iran peace agreement, which was signed electronically by both sides, has come into effect “immediately.” He, however, added that the official signing will take place on Friday in Switzerland, as previously announced. In a social media post, Sharif reassured that, as the first step of the agreement, Tehran will reopen the Strait of Hormuz and Washington will lift the naval blockade.
Trump says he could still resume attacks
The US and Iran released the text of an interim agreement to end their war on Wednesday, with US President Donald Trump threatening to resume attacks and kill Iranian officials if they failed to honour their commitments. While attending the G7 summit in France, he also withdrew at least one of his previously stated rationales for attacking Iran in the first place. He said that it would be “unfair” for the Islamic Republic not to have ballistic missiles, having previously vowed to obliterate them.
“We’re going to bomb the hell out of them if they violate the agreement,” Trump said of Iran at a press conference. “I don’t want them to. I want them to honor the agreement.” He also called Iranians “smart people” as US and Iranian negotiators work on a permanent truce over the coming 60 days.
Focus turns to the Strait of Hormuz as US-Iran deal takes effect
Donald Trump has signed an interim deal to end the war with Iran and reopen the Strait of Hormuz, speeding up the timeline for the agreement despite blowback from Republicans who said it amounted to victory for Tehran. The so-called memorandum of understanding is now in effect, a US official said. It was unclear if Iran had immediately begun taking steps to fully reopen the Strait of Hormuz. Trump told reporters he signed the document at the palace of Versailles near Paris, where he had dinner with French President Emmanuel Macron. Versailles was where leaders of the great powers gathered in 1919 to sign the peace treaty that formally ended World War I.
Draft 14-point MOU
Here’s a list of the draft 14-point MoU that the US and Iran have agreed to:
1. Immediate and permanent end to war on all fronts, including Lebanon
2. The US and Iran will respect each other’s sovereignty and territorial integrity and refrain from interfering in each other’s internal affairs
3. The two sides will try to reach a final agreement within 60 days
4. The US will lift the naval blockade after signing the agreement
5. The US will also withdraw its forces from the surrounding areas within 30 days after the final agreement.
6. The US and regional partners will establish a comprehensive economic rehabilitation and development plan for Iran, backed by at least $300 billion in funding.
7. The implementation mechanism for the economic development plan will be finalized within 60 days.
8. Iran to restore merchant shipping between the Persian Gulf and the Sea of Oman to pre-war levels within 30 days, including mine-clearing and removal of technical obstacles.
9. The US will commit to ending all sanctions on Iran under a timetable to be agreed in the final agreement, including UN, IAEA, and unilateral US sanctions.
10. Iran reaffirms that it will never develop or produce nuclear weapons.
11. During the 60-day negotiation period, it also seeks the release of $24 billion in frozen Iranian assets
12. Iran and the US have agreed that the fate of enriched material and the fate of all other mutually agreed nuclear-related issues, including Iran’s nuclear needs, will be adequately addressed in a final agreement
13. The US Treasury Department will issue waivers for exports of Iranian crude oil, petrochemical products and their derivatives, and all related services, including banking, insurance, transportation, and the like
14. The final agreement will be approved through a binding resolution of the UN Security Council.
Key Events
US-Iran news LIVE: Gold Advances as peace deal optimism counters Fed
Gold rose, supported by the signing of an interim peace deal between the US and Iran, even as the Federal Reserve signaled a rate hike later in the year.
Bullion traded near $4,295 an ounce following a 1.7% drop in the previous session
US-Iran news LIVE: Trump blows through his Iran red lines to justify peace deal
President Donald Trump and his team had several red lines that they used to justify the US war against Iran. At a press conference on Wednesday, Trump largely brushed them aside.
Explaining his decision to agree to an interim peace deal, Trump repeated his insistence that the country would never get a nuclear weapon. Yet he went on to suggest that Iran should have the right to enrich uranium, be allowed to develop ballistic missiles and get access to billions of dollars in frozen funds.
US-Iran news LIVE: US-Iran deal calls for diluting uranium at mininum, waiving sanctions, opening Hormuz
President Donald Trump said he signed an agreement with Iran Wednesday that US officials say calls for Tehran to dilute its stockpile of highly enriched uranium and waive sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington.
US-Iran news LIVE: Trump threatens he could still resume attacks
Despite a ceasefire agreement being signed electronically by both the US and Iran, US President Donald Trump on Wednesday threatened to resume attacks if Tehran fails to honour its commitments.
US-Iran news LIVE: Pakistan PM says US-Iran peace deal takes effect “immediately,” official signing scheduled for Friday
In a post on X, Pakistan’s Prime Minister Shehbaz Sharif said that the US-Iran ceasefire agreement has come into effect immediately.
About the Author
Swati Gandhi is a digital journalist with over four years of experience, specialising in international and geopolitical issues. Her work focuses on foreign policy, global power shifts, and the political and economic forces shaping international relations, with a particular emphasis on how global developments affect India. She approaches journalism with a strong belief in context-driven reporting, aiming to break down complex global events into clear, accessible narratives for a wide readership.<br><br>
Previously, Swati has worked at Business Standard, where she covered a range of beats including national affairs, politics, and business. This diverse newsroom experience helped her build a strong grounding in reporting, while also strengthening her ability to work across both breaking news and in-depth explanatory stories. Covering multiple beats early in her career has helped her be informed about her current work, allowing her to connect domestic developments with wider international trends.<br><br>
At Live Mint, she focuses on international and geopolitical issues through a business and economic lens, examining how global political developments, foreign policy decisions, and power shifts impact markets, industries, and India’s strategic and economic interests.<br><br>
She holds a Bachelor’s degree in English (Honours) from the University of Delhi and a Master’s degree in Journalism and Mass Communication from Guru Gobind Singh Indraprastha University. Her academic training has shaped her emphasis on precision, analytical rigour, and clarity in writing. Her interests include global political economy and the intersection of geopolitics with business.<br><br>
Outside work, Swati focuses on exploring her passion and love for food. From fancy cafes to street spots, Swati explores food like a true foodie.
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