U.S. ⁠President ⁠Donald Trump and ​Iranian President ‌Masoud Pezeshkian ‌on ⁠Wednesday ⁠signed a memorandum of understanding ​aimed at ​ending the war ⁠with Iran, ⁠a ⁠U.S. official told ​Reuters. The memo had ​been ⁠signed digitally ⁠on Sunday by Vice President JD ⁠Vance and Iran's chief negotiator Mohammad Baqer Qalibaf and witnessed by Trump,

The deal has 14 points and includes a commitment from both sides to hold further talks on a final agreement in the next 60 days.

The US and Iran remotely signed a 14-point agreement that would put an end to the war and reopen the Strait of Hormuz.

Iran is required to allow ships toll-free transit of the Strait of Hormuz for 60 days while the parties negotiate a final deal. The Federal Reserve left its benchmark interest rate unchanged, at 3.5% to 3.

Trump withdrew at least one of his stated rationales for attacking Iran, saying it would be "unfair" for Tehran not to have ballistic missiles.

U.S. ⁠President Donald ​Trump ‌on ‌Wednesday ⁠signed the ⁠memorandum of understanding ​aimed ​at ⁠ending the ⁠war ⁠with Iran, ​a White ​House ⁠official ⁠told Reuters. (Reporting by ⁠Steve Holland; Writing by Ryan ⁠Patrick Jones;

President Donald Trump and G7 leaders are focusing on the Ukraine war and Trump is considering reimposing sanctions soon on Russian oil shipments

Brett McGurk, former Middle East & North Africa Coordinator, joins CNN’s Kaitlan Collins and Axios Correspondent Barak Ravid on Trump’s 14-point peace plan.