U.S. President Donald Trump and Iran's president electronically signed a 14-point memorandum of understanding on June 17, 2026, at the G7 Leaders' Summit in Evian-les-Bains, France. The agreement extends the ceasefire including in Lebanon, reopens the Strait of Hormuz, removes all U.S. sanctions on Iran, and includes a $300 billion reconstruction plan, with further talks scheduled over the next 60 days. The U.S. stock market reached a record high while oil prices fell but remained above pre-war levels.