Senior U.S. officials confirmed Wednesday that Washington and Tehran have agreed to a 14-point memorandum of understanding. The agreement mandates an immediate and permanent cessation of military operations on all fronts, including Lebanon. Both nations pledged to respect territorial integrity and refrain from future force.
Iran reaffirmed it will not procure or develop nuclear weapons. The two sides agreed to resolve the disposition of stockpiled enriched material through on-site down-blending under IAEA supervision. A final comprehensive deal must be negotiated within 60 days, though this timeline is extendable by mutual consent.
Economic relief begins immediately upon signing. The U.S. will lift its naval blockade within 30 days and issue Treasury waivers allowing Iranian oil exports and associated banking transactions. Frozen assets will be released for use by Iran’s Central Bank. Additionally, Iran committed to ensuring safe, free passage for commercial vessels between the Persian Gulf and Sea of Oman for 60 days.
The U.S. and regional partners committed to developing a reconstruction plan for Iran valued at no less than $300 billion. All sanctions, including UN Security Council resolutions and unilateral U.S. measures, will terminate on a schedule linked to nuclear compliance. An executive mechanism will monitor implementation, with the final deal endorsed by a binding UNSC resolution.
President Trump stated at the G7 summit that failure to finalize terms within the 60-day window would result in resumed military action. He emphasized that while the current framework is promising, preventing Iranian nuclear armament remains the absolute priority.