President signs memorandum at Palace of Versailles where Germans were humiliated after losing first world war. The Trump administration declared a "major win" but likewise the Hezbollah chief, Naim Qassem, proclaimed a "great victory" as the text of the 14-point US-Iran memorandum of understanding became public. Iran's chief negotiator, Mohammad Bagher Ghalibaf, said: "The agreement is a record of US failure. People will see it and judge." Irna, Iran's official state news agency, released a photograph of Iran's president, Masoud Pezeshkian, holding up a Persian-language document apparently showing his signature alongside that of Trump. According to Reuters, Ghalibaf told state TV: "Everything we sought to achieve through military action, we obtained several times over through negotiation; it was not even comparable."