finance
U.S. and Iran Sign 14-Point MOU to End Military Operations
U.S. officials outlined a memorandum of understanding that halts all military actions between the United States, Iran and their allies. The interim pact opens Iranian oil exports, lifts some sanctions and sets a 60-day deadline for a final agreement.
FI
theiranproject.comAudio version
Tap play to generate a narrated version.
U.S. officials on Wednesday released the 14 points of a memorandum of understanding reached with Iran that ends military operations on every front, including Lebanon. The text states that both countries and their allies "declare the immediate and permanent termination of military operations on all fronts" and pledge not to start new hostilities. Iran has not yet published the document.
The memorandum requires each side to respect the other's sovereignty and to avoid interference in internal affairs. It freezes the current status of Iran's nuclear program and sanctions while talks continue. Iran may resume crude-oil exports once the MOU is signed.
Sanctions Relief and Trade Measures The U.S.
Department of Treasury will issue waivers covering Iranian crude oil, petroleum products and related services. Iran will arrange safe passage for commercial vessels through the Strait of Hormuz for 60 days at no charge. U.S. officials said the United States will begin lifting its naval blockade immediately and complete removal within 30 days.
The two sides have 60 days, extendable by mutual consent, to reach a final deal that will be endorsed by a binding United Nations resolution. President Trump told reporters at the G7 summit in France that failure to conclude the final agreement within the window would return both sides to military action. A full text of the Iran deal is expected by Friday at the latest.
