The United States released the full text of a 14-point Iran Memorandum of Understanding, setting a 60-day window for Washington and Tehran to negotiate a final deal.
The memorandum’s points cover: an immediate end to military operations on all fronts, including Lebanon; mutual respect for sovereignty; a 60-day final-deal timeline; immediate removal of the US naval blockade; safe commercial passage through the Strait of Hormuz; and a $300 billion reconstruction and economic development plan for Iran.
The US-Iran memorandum includes the following points
- The United States, Iran and their allies will immediately and permanently end military operations on all fronts, including Lebanon.
- The United States and Iran will respect each other’s sovereignty and territorial integrity and avoid interference in each other’s internal affairs.
- The United States and Iran will negotiate a final deal within 60 days, unless both sides agree to extend the deadline.
- The United States will begin removing its naval blockade immediately and fully end it within 30 days.
- Iran will use its best efforts to ensure safe passage for commercial vessels through the Strait of Hormuz for 60 days without charge.
- The United States and regional partners will develop a mutually agreed plan of at least $300 billion for Iran’s reconstruction and economic development.
- The United States will work toward ending all sanctions against Iran, including UN, IAEA, primary and secondary sanctions.
- Iran reaffirms that it will not procure or develop nuclear weapons and will address its enriched material stockpile under IAEA supervision.
- Until a final deal is reached, Iran will maintain the current status of its nuclear programme, while the United States will impose no new sanctions and deploy no additional forces.
- The US Treasury will issue waivers for Iranian crude oil, petroleum products, derivatives and related banking, insurance and transportation services.
- The United States will make frozen or restricted Iranian funds and assets fully available for use.
- The United States and Iran will establish an executive mechanism to monitor implementation of the memorandum and future compliance with the final deal.
- After the memorandum is signed and key ceasefire, blockade, shipping, oil-waiver and asset-release provisions are implemented, both sides will begin final-deal negotiations.
- The final deal will be endorsed by a binding United Nations Security Council resolution.
