US President Donald Trump has signed a 14-point memorandum of understanding (MOU) with Iran to end hostilities, reopen the Strait of Hormuz and set a roadmap for a comprehensive peace deal that includes lifting all sanctions and unfreezing Iranian assets abroad.
The US and Iran, along with their allies in the ongoing conflict, declared an immediate and permanent cessation of military operations on all fronts, including Lebanon, and agreed not to initiate any warfare or military actions against each other.
The MOU commits both nations to honor each other’s sovereignty and territorial integrity, refrain from interference in each other’s domestic matters, and negotiate a comprehensive agreement within a maximum of 60 days.
Upon signing, the US will begin dismantling its naval blockade against Iran, fully ending the blockade within 30 days, and restore maritime traffic to pre-war levels proportional to Iran’s needs.
Iran will facilitate safe passage of commercial vessels through the Persian Gulf to the Gulf of Oman at no charge for 60 days, address technical and military barriers including demining within 30 days, and engage in discussions with Oman on future management of the Strait of Hormuz.
The US will collaborate with regional partners to create a comprehensive reconstruction and economic development plan for Iran with a budget of at least $300 billion, tied to milestones in the final deal.
The US will lift all sanctions against Iran, including those from the UN Security Council and unilateral sanctions, according to an agreed timeline as part of the final deal.
Iran reaffirmed its commitment not to acquire or develop nuclear weapons, and the two nations agreed to manage disposition of stockpiled enriched materials through a mutually accepted mechanism with on-site down-blending under IAEA supervision.
Until the final agreement is reached, both countries will maintain the current status quo, with Iran preserving its existing nuclear program and the US refraining from imposing new sanctions or deploying additional forces.
The US committed to issuing waivers for Iranian oil sales and related services, including banking transactions, immediately after the MOU is signed and until sanctions are lifted.
The US will ensure that frozen Iranian funds and assets are made fully accessible to Iran.
Both countries will establish an executive mechanism to oversee effective implementation of the MOU and future compliance with the final agreement.
The final agreement will receive endorsement through a binding resolution from the United Nations Security Council.
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