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Iran-US: Donald Trump Signs Peace Memorandum in Versailles

The memorandum opens a 60-day negotiation window and includes a $300 billion reconstruction fund for Iran, reports said.

  • On Thursday, President Donald Trump signed a memorandum of understanding with Iran at the Palace of Versailles, launching a 60-day negotiation phase intended to end the war.
  • The agreement, signed alongside French President Emmanuel Macron, includes a $300 billion reconstruction fund for Iran and echoes the 1919 Versailles Treaty that ended World War I.
  • Iranian officials quickly presented the memorandum as a victory, while the U.S. naval blockade had begun to be lifted ahead of the formal signing to facilitate trade.
  • Prime Minister Benjamin Netanyahu expressed opposition to the deal, with Israeli officials reportedly surprised by the ceasefire, straining the relationship between Netanyahu and Trump.
  • Negotiators face a 60-day deadline to address unresolved issues, particularly the future of Iran's nuclear program, which was deferred to the next stage of talks.
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Macron's diplomatic efforts bring Trump closer to European views

French President Emmanuel Macron's effort to court U.S. President Donald Trump culminated in a surprise moment at the Versailles Palace.

·New York, United States
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Bloomberg broke the news in New York, United States on Tuesday, June 16, 2026.
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