US-Iran MoU: $300bn Aid, Sanctions Relief in Exchange for Ceasefire and Nuclear Deal

Details of a US-Iran memorandum of understanding have emerged, outlining a 14-point framework aimed at ending hostilities and negotiating a final deal within 60 days.

Both nations agreed to an “immediate and permanent termination of military operations on all fronts, including in Lebanon,” and pledged not to threaten or use force against each other. They also committed to respect each other’s sovereignty, territorial integrity, and to refrain from interfering in internal affairs. The final deal will confirm the permanent end of the war, including in Lebanon.

A final agreement must be negotiated and achieved within 60 days, extendable by mutual consent. Pending that deal, both sides will maintain the status quo: Iran keeps its current nuclear program, while the US will impose no new sanctions and deploy no additional forces in the region.

The US will begin removing its naval blockade immediately upon signing and end it fully within 30 days. US forces will also withdraw from Iran’s proximity within 30 days of the final deal.

Iran will arrange safe passage for commercial vessels from the Persian Gulf to the Sea of Oman at no charge for 60 days, with full traffic to resume within 30 days after de-mining. Iran will also hold talks with Oman and other Gulf states on future administration of the Strait of Hormuz, in line with international law.

The US, with regional partners, will develop a $300 billion reconstruction and economic development plan for Iran, with implementation details finalized in the 60-day deal. All licenses, waivers and permissions for financial transactions will be granted.

Washington also pledged to terminate all sanctions — including UN Security Council and IAEA resolutions, plus US primary and secondary sanctions — on an agreed schedule in the final deal. Immediately after signing, the US Treasury will issue waivers for export of Iranian crude oil, petroleum products and related services, including banking, insurance and transport.

Frozen Iranian funds and assets will be made fully available for use upon MoU implementation. Procedures for release will be agreed during negotiations, with funds usable for payments designated by Iran’s Central Bank

Iran reaffirmed it will not procure or develop nuclear weapons. Both sides agreed to resolve the disposition of stockpiled enriched uranium through down-blending on site under IAEA supervision, per a mutually agreed mechanism. Enrichment and other nuclear needs will be discussed based on a framework in the final deal

An executive mechanism will monitor implementation of the MoU and compliance with the final deal. The final agreement will be endorsed by a binding UN Security Council resolution