US President Donald Trump and Iran’s President Masoud Pezeshkian sign an interim memorandum of understanding aimed at ending the Middle East war, according to multiple reports. The signing takes place at the Palace of Versailles in France during Trump’s visit associated with the G7 summit, with French President Emmanuel Macron present and other officials reportedly applauding as the document is signed. Several outlets say the deal is intended as a step toward a broader, longer-term agreement.

The reported terms center on an interim nuclear and sanctions arrangement. Iran agrees to dilute its enriched uranium stocks, while the US provides sweeping economic and sanctions relief. France 24 also reports a proposed $300 billion reconstruction fund tied to the arrangement.

Multiple sources add that the two sides have a defined period—reported as 60 days—to negotiate a lasting deal after the interim agreement is signed. Some accounts also mention that an earlier digital signing occurred before the Versailles ceremony, and that it was not immediately clear how the different signing moments relate to the start of negotiations. Iran’s response to the agreement is described as not immediate in some coverage.