A formal Memorandum of Understanding (MoU) between the United States and Iran has been made public, laying out a 14-point framework aimed at ending the current conflict, reining in Iran’s nuclear ambitions, and setting the stage for a broader final agreement.
The document opens by calling for an immediate and permanent halt to military operations on all fronts — including in Lebanon — by both nations and their respective allies. Both sides pledge not to initiate future military action against one another and commit to respecting Lebanon’s territorial integrity and sovereignty.
Under the terms of the agreement, both countries commit to reaching a final deal within 60 days, a timeline that can be extended if both parties agree. The United States would begin lifting its naval blockade immediately upon signing, with a full end to the blockade within 30 days. American forces would also be withdrawn from the vicinity of Iran within 30 days of a final deal being reached.
Iran, for its part, agrees to facilitate safe passage for commercial vessels through the Strait of Hormuz at no charge for a period of 60 days. Demining and the removal of military obstacles would be completed within 30 days. Iran also agrees to engage with the Sultanate of Oman regarding future maritime administration of the Strait, in coordination with other Persian Gulf coastal nations.
A significant economic component of the agreement calls on the United States, working alongside regional partners, to develop a reconstruction and economic development plan for Iran valued at a minimum of $300 billion. The implementation details would be finalized as part of the final deal.
On the sanctions front, the United States commits to ending all forms of sanctions against Iran — including United Nations Security Council resolutions, International Atomic Energy Agency (IAEA) Board of Governors resolutions, and all unilateral U.S. sanctions — according to a schedule to be agreed upon in the final deal.
Regarding nuclear issues, Iran reaffirms that it will not develop or acquire nuclear weapons. The two countries agree to work out a mutually acceptable plan for dealing with Iran’s stockpile of enriched uranium, with the minimum approach being on-site blending down under IAEA supervision. Both sides acknowledge the urgency of resolving nuclear-related questions and express their intent to address them immediately in negotiations.
While negotiations toward a final deal are ongoing, both nations agree to maintain the current status quo — meaning Iran will not advance its nuclear program further, and the United States will not impose new sanctions or deploy additional forces to the region.
The U.S. Treasury Department would issue waivers immediately upon signing to allow the export of Iranian crude oil, petroleum products, and related services such as banking, insurance, and transportation. Additionally, frozen or restricted Iranian funds and assets would be made fully accessible upon implementation of the MoU, with procedures for releasing those funds to be agreed upon during negotiations.
The agreement also establishes an oversight mechanism to monitor compliance with both the MoU and any eventual final deal. Formal negotiations on remaining provisions would begin only after key initial steps — including the ceasefire, naval blockade removal, Strait of Hormuz access, oil export waivers, and asset releases — are put into motion.
The memorandum concludes by stating that the final deal will be formally endorsed through a binding United Nations Security Council resolution.
