US and Iran sign ceasefire deal to reopen Strait of Hormuz (opens in new tab)

The United States and Iran have signed a memorandum of understanding aimed at extending their ceasefire, reopening the Strait of Hormuz and creating a framework for negotiations on a broader settlement after months of conflict. US President Donald Trump signed the agreement at the Palace of Versailles near Paris on Wednesday, while Iranian President Masoud Pezeshkian signed the document in Tehran. Officials from both countries confirmed that the memorandum entered into force immediately.