On June 17, 2026 (Day 111 of the Iran-Israel-US war, Operation Epic Fury / Wednesday), the deal moved from contested to documented: the United States publicly released the official 14-point text, and both heads of state signed it. THE TEXT: after an outcry that the agreement’s terms had not been made public, a senior US administration official read out the full “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran,” a 14-point document covering the permanent termination of hostilities, the reopening of the Strait of Hormuz, sanctions relief, frozen-asset release, a reconstruction plan, and a 60-day path to a final deal (CNN, TIME, Military Times). THE SIGNING: President Trump signed a hard copy of the plan during a dinner hosted by President Macron at the Palace of Versailles — commemorating the 250th anniversary of US independence — and the US then sent a photograph of the signed agreement to Tehran; Iran’s President Masoud Pezeshkian signed the memorandum, with photos published by Iranian state media IRNA showing the document in Farsi with both leaders’ signatures (CNN). Iran’s Foreign Ministry spokesperson Esmail Baghaei said the memorandum was “officially finalized” after being signed in both English and Farsi at Iran’s insistence for transparency, and reporting indicated the agreement “immediately came into effect” (CNN/IRIB, Al Jazeera). KEY TERMS: Point 1 resolves the prior day’s flashpoint by writing the immediate and permanent termination of operations “on all fronts, including in Lebanon” directly into the text, with both sides committing to ensure Lebanon’s territorial integrity and sovereignty; the Strait of Hormuz reopens with free commercial passage for 60 days starting immediately and full restoration within 30 days after Iranian demining; the US begins removing its naval blockade immediately and fully within 30 days; the US issues Treasury waivers for Iranian oil exports, makes frozen Iranian assets available, and undertakes with regional partners to develop a plan of at least $300 billion for Iran’s reconstruction; Iran reaffirms it will not procure or develop nuclear weapons, with its enriched-uranium stockpile to be down-blended on-site under IAEA supervision; and the parties commit to a final deal within a maximum of 60 days, to be endorsed by a binding UN Security Council resolution. THE CAVEATS: a senior US official stressed the deal is “pay for performance” — sanctions relief and asset release tied to Iranian compliance — and that “either side can walk away at any time until you really have a fulsome binding deal”; Trump warned that if Iran does not behave, “we’ll go right back to dropping bombs,” and said US forces would remain in the Persian Gulf region “for a little while.” The $24 billion frozen-asset figure and its sequencing remained disputed, and Israel — still not a party — had not endorsed the agreement. Net assessment: Day 111 is the documentation day — the war’s terms are now public, signed by both presidents, and in effect, with the Lebanon question resolved on paper — but the formal ceremony is still Friday at Bürgenstock, the hardest issues remain deferred to the 60-day talks, and either side retains the right to walk away.