U.S. and Iran Release 14-Point Ceasefire Memorandum

The United States released the full text of a 14-point memorandum of understanding with Iran on Wednesday. The document outlines a 60-day ceasefire arrangement and specifies commitments on both sides. Under the terms, the U.S. would lift a naval blockade on Iranian ports, issue waivers for Iranian crude oil exports, and consider unfreezing previously frozen Iranian assets.

Iran would permit toll-free passage of ships through the Strait of Hormuz and hold talks on down-blending its 440 kg stockpile of highly enriched uranium.

The memorandum includes a clause addressing Lebanon’s territorial integrity and Iranian allies including Hezbollah. Iran reaffirms it will not procure or develop nuclear weapons. The document also references a potential $300 billion reconstruction fund for Iran financed by Gulf states, with the U.S. not contributing.

The administration stated the agreement functions as a 60-day ceasefire. Senior administration officials said the formal signing could occur in Geneva on Friday or at a later meeting between the U.S. and Iranian presidents. The administration delayed release of the full text to allow for additional nuclear and peace negotiations.

chief negotiator, Mohammad Bagher Ghalibaf, said: “The agreement is a record of US failure. ” France’s president described the deal as a very good agreement that ends a situation of great instability. G7 leaders issued a joint statement welcoming the accord and supporting further talks on Iran’s ballistic missile program.

Iran’s official news agency published details confirming commitments to restore marine traffic in the Gulf and Gulf of Oman to pre-war levels.