Iranian President Masoud Pezeshkian and US President Donald Trump have digitally signed a memorandum of understanding (MoU) aimed at ending the conflict between the two countries, according to the Iranian Foreign Ministry and the White House.

The signing marks the start of a 60-day period during which Tehran and Washington will seek to negotiate a final agreement.

Iran and the US have released the full text of the MoU. The nuclear issue, management of the Strait of Hormuz and a proposed $300 billion reconstruction fund for Iran are among the key items on the agenda.