Washington and Tehran have released comprehensive details of a sweeping accord to end their protracted standoff. The 14-point Memorandum of Understanding aims to halt hostilities, reopen the Strait of Hormuz, and pave the way for lasting diplomatic ties.
President Donald Trump's team is framing this as a "performance-based" arrangement. Iran will gain economic relief only if it meets its obligations, particularly regarding nuclear matters.
Trump announced at the G7 summit in Evian les Bains, France, that formal signing would happen imminently. Officials suggested the ceremony might occur as soon as Thursday in Geneva.
At its core, the deal calls for an immediate halt to all military operations by both nations and their partners. This covers armed clashes tied to Lebanon and requires both sides to abandon attacks or hostile rhetoric toward each other.
Lebanese sovereignty and territorial integrity will be protected under the accord. Iran has warned that Israel's continued military strikes in Lebanon would constitute a breach of the understanding.
The pact obligates both countries to respect each other's sovereignty and refrain from domestic interference. Some Iranian opposition groups have expressed disappointment over the lack of stronger backing from America.
Negotiators have set 60 days to finalize the comprehensive agreement. The two sides may extend this window if needed.
Reopening maritime commerce emerged as a central focus throughout talks. Iran committed to enabling safe passage for merchant ships through the Hormuz Strait, which had been shuttered and disrupted global energy markets.
America will dismantle its naval blockade and lift restrictions on Iranian ports in reciprocal fashion. Once a final deal is signed, US military assets will revert to pre-conflict positioning.
Both nations outlined a reconstruction and development initiative worth billions for Iran. Washington won't directly finance the program, officials stressed.
Instead, countries like the United Arab Emirates could fund ventures such as power generation projects with American approval. This model shows how economic cooperation might unfold.
Iran's most significant commitment involves renouncing nuclear weapons development entirely. Negotiators will determine how Tehran's existing enriched uranium stockpile gets handled going forward.
International atomic inspectors are expected to oversee uranium management. US officials hailed this nuclear commitment as a watershed moment in the talks.
Future sanctions relief depends squarely on Iran's adherence to nuclear terms, according to American officials. Compliance will be monitored closely throughout the agreement's duration.
Washington also signaled willingness to eventually lift broad economic sanctions on Iran. Frozen assets may become accessible depending on how well the accord holds.
