US-Iran MoU’s published copy includes end of war on all fronts including Lebanon, Strait of Hormuz reopening, end to all Iranian sanctions with final deal
Final agreement will be negotiated within 60 days, immediately with MoU signing US will issues waiver for export of Iranian oil
The Saudi Arabian news agency, Al-Arabiya, has published what they say is the full copy of the US-Iran Memorandum of Understanding. In it they list 14 points that were agreed upon by both the US and Iran.
Points of the Memorandum of Understanding
1. Iran and the US declare an immediate and permanent end to the war on all fronts, including Lebanon, and will not launch any hostile action against each other and will refrain from the threat or use of force against each other.
2. The two countries will respect each other's sovereignty and territorial integrity and refrain from interfering in each other's internal affairs.
3. There will be a negotiation to reach a final agreement within a maximum period of 60 days, extendable by mutual consent.
4. Immediately upon the signing of this Memorandum of Understanding (which has already happened), the US will lift its blockade of the Strait of Hormuz and prevent any interference against Iranian shipping. Traffic is to be restored within a maximum of 30 days to its full capacity and shall be proportional to the pre-war volume on the part of Iran. The US will also withdraw its forces from the surrounding areas within 30 days.
5. Iran will immediately take steps to ensure that the movement of merchant ships from the Persian Gulf to the Sea of Oman and vice versa is resumed within 30 days to the pre-war volume, taking into account the need for the removal of technical obstacles and the neutralization of mines.
6. Together with regional partners, the US will create a comprehensive plan to rehabilitate and assist in the economic development of Iran. It will also ensure financing of at least $300 billion. The implementation mechanism of this plan, as part of the final agreement, will be formulated within 60 days.
7. The US will commit to ending all types of sanctions currently facing Iran, including resolutions of the United Nations Security Council and the Board of Governors of the International Atomic Energy Agency (IAEA), and all unilateral US sanctions, both primary and secondary.
8. Iran reiterates that it will never produce nuclear weapons, with the fate of enriched material and all other mutually agreed nuclear-related issues, including Iran’s nuclear needs, being addressed in a final agreement.
9. Pending a final agreement, they will maintain the status quo: Iran will maintain the status quo on its nuclear program, and the United States will not impose new sanctions on Iran or strengthen its forces in the region.
10. The United States Treasury Department will issue waivers for exports of Iranian crude oil, petrochemical products and their derivatives, and all related services, including banking, insurance, transportation, and the like.
11. Frozen or restricted funds and assets of the Islamic Republic of Iran will be released and made fully available. These funds, whether held in the master account or transferred, will be used for any final beneficiary payment determined by the Central Bank of Iran and will be fully available for use. The US will also issue all necessary permits and licenses on this basis.
12. A mechanism will be established to oversee the successful implementation of and future commitment to the final agreement.
13. Upon receipt of assurances regarding the commencement of implementation of Articles 4, 5, 10, and 11, Iran and the US will enter into negotiations for a Final Agreement solely with respect to the remaining Articles.
14. The final agreement will be approved through a binding resolution of the UN Security Council.