Text of U.S.-Iran memorandum of understanding released by U.S.

The article details a Memorandum of Understanding (MOU) between the United States and the Islamic Republic of Iran, outlining steps towards de-escalation and a final peace deal. Key provisions include the immediate termination of military operations, mutual respect for sovereignty, and a commitment to negotiate a final agreement within 60 days. The US pledges to remove its naval blockade, withdraw forces, terminate all sanctions (UNSC, IAEA, and unilateral US), provide $300 billion for Iran's reconstruction, issue waivers for Iranian oil exports, and release frozen funds. In return, Iran commits to ensuring safe passage for commercial vessels in the Persian Gulf and Strait of Hormuz, engaging with Oman on maritime administration, and reaffirming its non-procurement/development of nuclear weapons, with enriched material disposition (down-blending) under IAEA supervision. The MOU also establishes a monitoring mechanism and states that the final deal will be endorsed by a binding UNSC resolution.