US officially releases full text of its 14-point MOU with Iran:
1. US, Iran, and their allies agree to immediately and permanently end military operations on all fronts, including in Lebanon.
2. US and Iran agree to respect each other’s sovereignty and territorial integrity and not interfere in each other’s internal affairs.
3. US and Iran commit to negotiating and reaching a final agreement within 60 days, unless mutually extended.
4. US will begin removing its naval blockade immediately and fully end the blockade within 30 days.
5. Iran will use its best efforts to ensure safe passage for commercial vessels through the Strait of Hormuz for 60 days at no charge.
6. US and regional partners will develop a mutually agreed plan of at least $300 billion for Iran’s reconstruction and economic development.
7. US will work toward terminating all types of sanctions against Iran, including UN, IAEA, primary, and secondary sanctions.
8. Iran reaffirms that it will not procure or develop nuclear weapons and agrees to address its enriched material stockpile under IAEA supervision.
9. Until a final agreement is reached, Iran will maintain the current status quo of its nuclear program, while US will impose no new sanctions and deploy no additional forces.
10. US Treasury will issue waivers for Iranian crude oil, petroleum products, derivatives, and associated banking, insurance, and transportation services.
11. US will make frozen or restricted Iranian funds and assets fully available for use.
12. US and Iran will establish an executive mechanism to monitor implementation of the MOU and future compliance with the final agreement.
13. After signing the MOU and implementing key ceasefire, blockade, shipping, oil-waiver, and asset-release provisions, US and Iran will begin negotiations on a final agreement.
14. The final agreement will be endorsed by a binding UN Security Council resolution.