Key facts
- The US and Iran signed a memorandum of understanding (MoU) to end military operations.
- The MoU establishes an immediate and permanent ceasefire on all fronts, including Lebanon.
- Both countries commit to respecting each other's sovereignty and refraining from interfering in internal affairs.
- The US will lift its naval blockade within 30 days of a final deal and remove forces from Iran's proximity.
- Iran will ensure safe passage for commercial vessels through the Strait of Hormuz.
- A $300 billion fund for Iran's reconstruction and economic development is planned, with final terms to be negotiated.
The United States and Iran have signed a memorandum of understanding (MoU) to establish an immediate and permanent ceasefire, ending over three months of conflict. The preliminary deal, signed by President Trump and Iranian President Masoud Pezeshkian, with Pakistan mediating, aims to de-escalate tensions on all fronts, including in Lebanon.
The agreement stipulates that both nations will respect each other's sovereignty and territorial integrity, and refrain from interfering in internal affairs. Key provisions include the US beginning the removal of its naval blockade within 30 days of a final deal and withdrawing forces from Iran's proximity. Iran, in turn, will facilitate safe passage for commercial vessels through the Strait of Hormuz for 60 days.
While the MoU marks a significant step towards peace, critical details concerning nuclear dismantlement timelines and sanctions relief are yet to be finalized. The parties have committed to negotiating a definitive deal within a maximum of 60 days, extendable by mutual consent. A plan for the reconstruction and economic development of Iran, involving at least $300 billion, is also part of the framework, with implementation mechanisms to be determined.