The White House has released the text of a 14-point memorandum of understanding between the United States and the Islamic Republic of Iran. The document, which has been signed electronically, is scheduled to be formally signed at a ceremony in Switzerland on Friday. According to the memorandum, both sides and their respective allies have committed to an immediate and permanent cessation of the ongoing conflict across all fronts, including Lebanon, and have agreed to refrain from any attacks, threats, or use of force against one another. The document also emphasizes respect for Lebanon’s sovereignty and territorial integrity. Under the agreement, the United States and Iran have pledged not to interfere in each other’s internal affairs and have committed to negotiating a final agreement within a maximum period of 60 days. The memorandum further provides for the beginning of a process to lift the naval blockade of Iran’s southern ports, with the United States committing to complete the process within 30 days. In return, Iran has agreed to restore maritime transit through the Strait of Hormuz to pre-war levels. According to the document, following the conclusion of a final agreement, the United States will withdraw its forces from areas adjacent to Iran and return its military presence to the status that existed before the outbreak of hostilities.One of the memorandum’s key provisions is the establishment of an economic initiative, in cooperation with regional partners, aimed at the reconstruction and development of Iran with a minimum value of $300 billion. The implementation details of the plan are expected to be finalized within 60 days. The United States has also committed to lifting all sanctions imposed on Iran, although the timeline and mechanism for implementing the measure will be determined as part of the final agreement. On the nuclear issue, both sides agreed that Iran will never acquire a nuclear weapon and that existing enriched nuclear material will be managed through dilution under the supervision of the International Atomic Energy Agency (IAEA). The memorandum is expected to serve as a framework for broader negotiations between Washington and Tehran, with both parties aiming to reach a comprehensive settlement within the agreed timeframe.
