Saudi television Al Arabiya published the terms of a 14-point memorandum of understanding reportedly prepared between Iran and the United States. The text reported by Al Arabiya contains more detailed provisions than the version shared by the Iran-based Mehr news agency.
According to the first article of the agreement, Iran, the United States and allies of the parties to the current war agree to immediately and permanently end the war on all fronts, including in Lebanon. The parties also undertake to refrain from any hostile action against each other and to avoid threats or use of force.
The parties will meet for 60 days to reach a final agreement
The text states that Iran and the United States will respect each other’s autonomy and territorial integrity and will not interfere in each other’s internal affairs. It also specifies that the parties will continue negotiations to reach a final agreement within a maximum period of 60 days, a period which may be extended by mutual agreement. This clause was not included in the version published in Iranian media.
According to the agreement, the United States will immediately lift its naval blockade against Iran after signing the document. The goal is for Iran’s maritime transport capacity to return to pre-war levels within 30 days at the latest. The United States also commits to withdrawing its military presence around Iran within 30 days of reaching the final agreement.
In return, Iran will take necessary steps to restore commercial shipping between the Persian Gulf and the Gulf of Oman to pre-war levels within 30 days. This process will include the removal of technical obstacles and the neutralization of mines.
The economic dimension of the agreement includes a remarkable clause. Under this clause, the United States, alongside its regional partners, will contribute to the preparation of a comprehensive plan for Iran’s recovery and development. This plan provides at least $300 billion in financial support. The plan’s implementation mechanism is expected to be finalized within 60 days of agreement.
The agreement also provides for the lifting of all sanctions against Iran.
The agreement also includes a comprehensive settlement regarding sanctions. The United States has committed to lifting all existing sanctions against Iran according to a timetable to be determined in the final agreement. This includes ending all sanctions, large and small, imposed by United Nations Security Council resolutions, resolutions of the Board of Governors of the International Atomic Energy Agency, and all unilateral sanctions imposed by the United States.
Related news Ripple (XRP) announced a major investment today
On the nuclear front, Iran reaffirms that it will never develop nuclear weapons. The parties agree that issues related to the nuclear program, including the fate of enriched uranium and Iran’s nuclear needs, will be resolved in a final agreement.
The agreement provides that the parties will maintain the status quo until a final agreement is reached. As a result, Iran will continue its nuclear program as it is, while the United States will not impose new sanctions on Iran or increase its military presence in the region.
The agreement also stipulates that the US Treasury Department will grant exemptions to Iranian exports of crude oil, petrochemicals and their derivatives. This exemption would cover related services, including banking, insurance and transportation.
The freezing of Iranian assets also appears to be one of the key points of the agreement. The United States commits to unlocking Iran’s frozen or restricted funds and assets, taking into account progress made in negotiations. According to the Iranian media version, $24 billion in frozen Iranian funds would be released during the final 60-day negotiation period, half of which would be paid to Iran before the start of negotiations.
The parties also agreed to establish a monitoring mechanism to monitor the implementation of the final agreement and compliance with future commitments.
According to the text published by Al Arabiya, Iran and the United States will begin negotiations to reach a final agreement on the remaining terms after receiving assurances regarding the implementation of Articles 4, 5, 10 and 11 of the agreement. The Iranian media version added that the final negotiations would begin after the release of some frozen funds, the suspension of sanctions on Iranian oil and the lifting of the naval blockade.
The same version stated that issues related to Iran’s missile program and its support for resistance groups were explicitly excluded from the negotiating agenda.
According to the final clause of the agreement, the final agreement will be ratified by a legally binding resolution of the United Nations Security Council.
*This does not constitute investment advice.
