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Pakistan, June 18 — US President Donald Trump and Iranian President Masoud Pezeshkian have finalized an agreement intended to conclude prolonged tensions in the Middle East, representing a major diplomatic achievement between Washington and Tehran.

The deal was completed on Wednesday, with both parties stating that the paper had been signed by their respective leaders. Officials reported that Trump signed the memorandum during a dinner with French President Emmanuel Macron at the Palace of Versailles after the G7 summit in France.

The agreement aims to put an end to the conflict that began on February 28 following military operations conducted by the United States and Israel against Iran. Tehran retaliated with missile and drone strikes throughout the region, causing tensions that have affected global trade routes, including the crucial Strait of Hormuz.

According to the agreement, Iran has pledged to reduce its reserves of enriched uranium as part of initiatives aimed at resolving issues related to its nuclear activities. In exchange, the United States has promised to promptly remove oil-related sanctions that have significantly impacted Iran’s economy.

The memorandum also highlights additional economic motivations. Upon reaching a final agreement regarding Iran’s nuclear program, Washington will back the release of a $300 billion reconstruction fund supported by regional nations. This financial assistance is anticipated to aid in restoring infrastructure that was harmed during the conflict and to foster economic revival.

The Iranian Ministry of Foreign Affairs spokesperson, Esmaeil Baqaei, referred to the signing as a significant move towards bringing back stability, noting that the attention will now turn to carrying out the promises stated in the deal.

The agreement comes after several weeks of discussions between officials from both nations and global mediators. Although the deal marks a significant diplomatic success, experts point out that its lasting effectiveness will rely on adherence from both parties and advancements in resolving unresolved nuclear and regional security matters.