Trump Signs Peace Deal with Iran to End Four-Month War

President Donald Trump signed a memorandum of understanding (MOU) with Iran to end a nearly four-month military conflict that began on February 28, 2026. The agreement, finalized through electronic signatures between Trump and Iranian President Masoud Pezeshkian, establishes a fragile ceasefire and initiates a 60-day negotiation window to address Iran's nuclear program and missile capabilities.

As part of the deal, the United States lifted its naval blockade of Iranian ports, allowing the flow of 12.5 million barrels of crude oil through the Strait of Hormuz and driving prices toward pre-war lows. In exchange, Iran committed to a 60-day toll-free transit period for commercial vessels and pledged to clear approximately 80 naval mines from the waterway. The MOU also includes the removal of oil sanctions and a framework for a $300 billion reconstruction fund for Iran.

The agreement has caused a diplomatic rift with Israel, as it requires the withdrawal of Israeli forces from Lebanon and allows Iran to retain its ballistic missile arsenal. While Vice President JD Vance defended the deal as a strategic success, Israeli officials and some U.S. lawmakers condemned it as a failure. In Washington, Congress is currently debating the war's lack of formal authorization and investigating a U.S. strike on an Iranian elementary school that killed over 165 people due to faulty intelligence.