The White House on Wednesday released the full text of a 14-clause memorandum of understanding signed between the United States and the Islamic Republic of Iran in Islamabad. The document says the two sides, along with their allies in the current war, will immediately and permanently halt military activity on all fronts, including Lebanon, and will not again threaten or use force against each other. It also says they must begin negotiations on a final deal within 60 days, with the possibility of extending that deadline by mutual agreement.
The memorandum says Washington will remove its naval blockade and other restrictions on Iran within 30 days, withdraw forces farther from Iran after a final agreement, lift sanctions, and allow Iranian crude oil exports, related services, and access to frozen funds and assets. It also pledges a broad economic recovery plan of at least $300 billion for Iran, to be worked out with regional partners, despite earlier American denials that such aid was included.
Iran, for its part, again states it will not acquire or develop nuclear weapons. The sides say they will address enriched uranium stockpiles through a jointly agreed mechanism, with the minimum option being dilution at the site under International Atomic Energy Agency supervision. They also say they will discuss enrichment and other nuclear issues needed for Iran.
The document says Iran will cooperate with Oman on the future management and maritime services of the Strait of Hormuz, while consulting other Gulf states. Until a final agreement is signed, both sides will keep the status quo, meaning Iran will preserve its current nuclear program and the United States will not impose new sanctions or add forces in the region. A joint implementation mechanism will oversee compliance, and the final agreement will be backed by a binding UN Security Council resolution. An Iranian Foreign Ministry spokesman said Trump and Mojtaba could sign the memorandum in Switzerland.
