The White House announced on May 17th that the United States and Iran have signed a memorandum of understanding electronically, effectively ending ongoing hostilities. According to US officials, Vice President Pence and Iranian Parliament Speaker Ghalibaf signed the document on May 14th, with President Trump and Iranian President Pezeshkian adding their signatures this week. Axios reporter, citing sources, reported that President Trump signed a copy of the document during a dinner with French President Macron while in France. This signed copy was then reportedly sent to Iran and mediating nations. The agreement’s specific terms were not immediately disclosed, but it signals a de-escalation in tensions between the two countries. The memorandum has already come into effect, according to the White House statement.