Kathmandu, June 18: In a major diplomatic breakthrough aimed at reducing long-standing hostilities and escalating tensions, the United States and Iran have signed a historic Memorandum of Understanding (MoU) in a digital form. The unprecedented development was jointly confirmed by Iran’s Foreign Ministry and the White House.
U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed the memorandum digitally using modern technology. The agreement is expected to formally halt the war being waged by the United States and Israel against Iran and pave the way for a new era of peace in the West Asia.
As the document has already been digitally signed by the two leaders, no formal signing ceremony will be held during the high-level talks scheduled to take place in Geneva, Switzerland, on Friday, although representatives from both sides will attend the meeting.
Iranian Foreign Ministry spokesperson Esmail Baghaei stated that the Geneva talks will now focus on the implementation of the memorandum and related technical matters. This marks the most significant and decisive understanding reached between the two countries since the Trump administration withdrew from the Iran nuclear agreement (JCPOA) in 2018 and following the heightened military confrontations in the West Asia in recent years.
Meanwhile, President Trump has emphasized that the upcoming 60-day negotiation period is extremely important but should not be viewed merely as a final deadline. During this transitional period, both countries are expected to develop the framework for a final, comprehensive, and substantive agreement concerning Tehran’s controversial nuclear program. However, President Trump has also maintained his firm strategic stance and issued a warning.
The White House has cautioned that if the next phase of negotiations fails to produce a conclusion within 60 days, or if Iran does not fully comply with the terms of the memorandum, hostilities could resume and Iran could face “massive bombing.”
Another key aspect of the historic agreement concerns Iran’s economic recovery and post-war reconstruction. Under the agreement, a special fund worth US$300 billion has been proposed for the reconstruction of Iran.
According to U.S. officials, Iran’s regional neighboring countries will contribute to the fund, which will be used directly to rebuild infrastructure damaged during the war.
Iran has also confirmed that its regional partners will invest US$300 billion in the country, with a substantial portion allocated to rebuilding physical infrastructure. The fund and the memorandum are being viewed as a major source of relief for Iran’s economy, which has been severely weakened by Western sanctions and military attacks.
People’s news Monitoring Service.
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