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,

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.

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

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

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.

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

Former U.S. Ambassador Wendy Sherman who led the team that negotiated the 2015 nuclear deal with Iran offers her view of Trump’s 14-point agreement with Iran.