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President Donald Trump has signed a 14-point agreement with Iran to extend the ceasefire between the two countries for another 60 days, according to Deutsche Welle and South China Morning Post. The Memorandum of Understanding (MOU) was signed at the Palace of Versailles near Paris, following a post-G7 dinner hosted by French President Emmanuel Macron, as reported by the BBC and Deutsche Welle. Al Jazeera reported that the MOU was electronically signed near Paris, while Deutsche Welle quoted Trump as saying "It's signed" as he left the Palace of Versailles. One BBC World report also placed the signing at the G7 summit in Evian-les-Bains, France, and a White House official confirmed to the BBC that the agreement is now in effect.

The agreement aims to end the war and energy disruptions that have rattled the global economy, according to Al Jazeera, BBC World, Deutsche Welle and South China Morning Post. BBC World notes that it comes four months after the conflict between the US, Iran and Israel broke out. Under the framework, Iran commits to refrain from procuring or developing nuclear weapons, and the US will terminate all economic sanctions against Iran, as reported by Al Jazeera, BBC World and South China Morning Post. The deal also commits a $300 billion fund for the reconstruction and economic development of Iran, though BBC World adds that the US is not required to contribute. The agreement includes the reopening of the Strait of Hormuz and the lifting of the US naval blockade, according to Deutsche Welle, quoting Pakistani Prime Minister Shehbaz Sharif, who said the deal would enter into force with immediate effect.

Coverage comparison

Al Jazeera's report took an analytical approach, comparing the MOU to the 2015 Joint Comprehensive Plan of Action (JCPOA) and quoting analysts who cautioned that it was too soon to judge whether the agreement would lead to a comprehensive deal. The MOU triggers a 60-day negotiation period, Al Jazeera reported, and focuses on extending the ceasefire rather than tackling Iran's nuclear programme in detail. BBC World's explainer broke down the 14 points, describing the agreement as "performance-based" and noting that the first paragraph declares an "immediate and permanent" termination of military operations on "all fronts," including Lebanon. Deutsche Welle's live coverage focused on the immediate implementation of the deal, reporting Sharif's social media post that the agreement "shall enter into force with immediate effect" and that a formal signing ceremony would be held on Friday. South China Morning Post highlighted the mediation by Pakistan's prime minister and quoted Chinese analyst Niu Xinchun, who said the US had made more concessions "largely because Washington is more desperate to disentangle itself from the war."

The reports differ on the location of the signing: one BBC World report mentioned the G7 summit in Evian-les-Bains, while other BBC World coverage, Deutsche Welle and South China Morning Post said the signing occurred at the Palace of Versailles after dinner. Al Jazeera described the signing as electronic, near Paris.

Key claims

  • The 14-point Memorandum of Understanding extends the ceasefire for another 60 days and enters into force with immediate effect, according to Deutsche Welle and South China Morning Post, citing Pakistani Prime Minister Shehbaz Sharif.
  • Iran commits to refrain from procuring or developing nuclear weapons, as reported by Al Jazeera, BBC World and South China Morning Post.
  • The US will terminate all economic sanctions against Iran, per Al Jazeera, BBC World and South China Morning Post.
  • The agreement commits a $300 billion fund for Iran's reconstruction and economic development, according to Al Jazeera, BBC World, Deutsche Welle and South China Morning Post; BBC World adds that the US is not required to contribute.
  • Iran will instantly reopen the Strait of Hormuz, and the US will immediately lift its naval blockade, as stated by Shehbaz Sharif and reported by Deutsche Welle and South China Morning Post.
  • The first paragraph of the agreement declares an "immediate and permanent" termination of military operations on "all fronts," including Lebanon, according to BBC World.
  • The agreement does not address Iranian-supported armed groups in the region, according to BBC World.
  • Negotiations on Iran's nuclear programme are left to the 60-day period, Al Jazeera reported.

Perspectives

The Trump administration. Trump hailed the deal with Iran as better than the 2015 Joint Comprehensive Plan of Action, Al Jazeera reported. The White House has described the agreement as "performance-based," with Iran benefiting only if it complies with its commitments, BBC World reported.

Iranian foreign ministry. A spokesperson for Iran's Ministry of Foreign Affairs said on Wednesday that any continuation of Israeli military operations in Lebanon would constitute a "violation of the understanding" and that "necessary measures will be taken," according to BBC World.

Analysts. Aniseh Bassiri Tabrizi, associate fellow at Chatham House, told Al Jazeera it would not be "fair" to compare the MOU with the JCPOA at this stage, since the MOU focuses on extending the ceasefire rather than tackling Iran's nuclear programme in detail. Shahram Akbarzadeh, director of the Middle East Studies Forum at Deakin University, said the MOU "does not address any issue of substance" and leaves all questions regarding Iran's nuclear programme and enrichment to be negotiated. Niu Xinchun, director of the China-Arab Research Institute at Ningxia University, told South China Morning Post that Washington appeared to have made greater concessions, largely because it is more desperate to disentangle itself from the war.

Pakistan's prime minister. Shehbaz Sharif, a key mediator, said on social media that both the US and Iran had signed the agreement and endorsed him as a mediator, and that the deal "shall enter into force with immediate effect," with a formal signing ceremony to follow on Friday, as reported by Deutsche Welle and South China Morning Post.