Washington DC, June 17 -- US President Donald Trump and Iranian President Masoud Pezeshkian have virtually signed a 14-point memorandum of understanding (MoU) aimed at ending hostilities between the two countries, reopening the Strait of Hormuz, and launching a 60-day process to negotiate a final agreement on sanctions and Iran's nuclear programme.

Citing a White House official, CNN reported that Trump personally signed the memorandum on Wednesday while meeting French President Emmanuel Macron in Paris. The agreement, which was also signed by Pezeshkian, immediately came into effect.

CNN reported that the United States released the official text of the "Islamabad Memorandum of Understanding between the United States of America and the I...