U.S. and Iran Sign Memorandum of Understanding to End Hostilities... "60-Day Toll Exemption"

By  Yu Deok-gi  | Jun 18, 2026

U.S. and Iran Sign Memorandum of Understanding to End Hostilities... "60-Day Toll Exemption"
[Anchor]

The leaders of the United States and Iran have signed a memorandum of understanding (MOU) to end hostilities. The agreement includes a provision that exempts tolls in the Strait of Hormuz for only 60 days. President Trump warned that if Iran fails to uphold the agreement, he will resume bombing.

Reporter Yu Deok-gi has the story.

[Reporter]

On the evening of June 17 (local time), while visiting France, U.S. President Donald Trump signed the MOU to end hostilities with Iran during a dinner with French President Emmanuel Macron at the Palace of Versailles.

[Donald Trump / U.S. President: This was not an easy task. It really wasn't.]

[Emmanuel Macron / French President: Bravo!]

Iranian President Masoud Pezeshkian also signed the MOU document.

[Iranian State Television: The MOU was concluded swiftly through both electronic and direct signatures.]

With the signatures of the two leaders, the MOU to end hostilities has officially taken effect immediately.

Although U.S. Vice President J.D. Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf had already signed electronically on June 14 (U.S. local time), it appears both sides moved up the official signing process to elevate the status of the signatories to the presidential level and to accelerate the opening of the Strait of Hormuz.

Consequently, there is speculation that the in-person signing ceremony, which was scheduled to be held in Switzerland on June 19, may be canceled.

The U.S. government has released the 14 clauses of the MOU.

The agreement includes the cessation of military operations and the commencement of nuclear negotiations for 60 days.

The provision stating that tolls in the Strait of Hormuz will be exempted for only 60 days is expected to be a point of contention in the future.

The MOU also mentions a $300 billion reconstruction fund for Iran, but President Trump drew a line, stating that no U.S. funds would be involved.

President Trump repeatedly pressured Iran, warning that he would resume bombing if they did not behave properly.

[Donald Trump / U.S. President: It's not final, it's just a Memorandum of Understanding (MOU). If I don't like it, I will attack again, and I will drop bombs on their heads. I will drop bombs on their heads.]

President Trump assessed that he has built a wall to prevent Iran from acquiring nuclear weapons.

The U.S. side stated that Iran has agreed to dilute and dispose of enriched uranium within its own borders.

(Video Editing: Won Hyeong-hee)
※ Please note: This article was translated by AI and may contain errors.