Key facts
- US and Iran are discussing moving the signing of a memorandum of understanding to Wednesday, potentially via remote signing.
- The draft MOU outlines a permanent end to military operations on all fronts, including Lebanon.
- The agreement includes provisions for reconstruction aid and the opening of the Strait of Hormuz.
- The US commits to terminating all sanctions against Iran in an agreed schedule as part of a final deal.
- Iran reaffirms it will not procure or develop nuclear weapons, with disposition of enriched material to be agreed upon.
The United States and Iran are reportedly in discussions to advance the signing of a memorandum of understanding (MOU) to Wednesday, potentially through a remote signing process. This agreement, outlined in a 14-point draft, aims to establish a permanent cessation of military operations on all fronts, including in Lebanon, and facilitate the opening of the Strait of Hormuz.
A senior U.S. official revealed the text of the interim agreement, which defers complex issues like Iran's nuclear program until a final deal is reached. This MOU paves the way for a 60-day negotiation period set to begin in Switzerland on Friday.
Key provisions of the draft include mutual non-aggression pacts, respect for sovereignty, and a commitment to a final deal within 60 days. The US will begin lifting its naval blockade within 30 days, while Iran will ensure safe passage for commercial vessels for 60 days. The agreement also includes a commitment from the US to work with regional partners on a reconstruction and economic development plan for Iran totaling at least $300 billion, alongside the termination of all sanctions against Iran in an agreed schedule.
Regarding Iran's nuclear program, the country reaffirms it will not procure or develop nuclear weapons, with the disposition of enriched material to be resolved through mutual agreement, including on-site down blending under IAEA supervision. Pending the final deal, both nations agree to maintain the status quo, with Iran keeping its nuclear program as is and the US refraining from new sanctions or deploying additional forces. The US Treasury will issue waivers for Iranian oil exports, and frozen Iranian funds will be made available.