What we know about the US-Iran memorandum of understanding
Summary
The United States, Iran, and Pakistan have announced a preliminary agreement to end military hostilities in the Middle East, with a formal signing planned in Switzerland. The deal includes reopening the Strait of Hormuz, lifting some U.S. sanctions temporarily, and promising not to pursue nuclear weapons while negotiations continue.Key Facts
- The U.S., Iran, and Pakistan announced a preliminary memorandum of understanding to stop military operations in all areas, including Lebanon.
- A signing ceremony for the deal is scheduled for Friday in Switzerland.
- The Strait of Hormuz will reopen to commercial ships once the memorandum is signed, with Iran coordinating maritime traffic with Oman.
- Iran agrees to freeze nuclear activities, such as uranium enrichment, while further talks on its nuclear program and U.S. sanctions continue over 60 days.
- President Trump ordered the lifting of the U.S. blockade on Iranian ports as part of the deal.
- The U.S. will not impose new sanctions on Iran during negotiations and will waive oil sanctions temporarily.
- The U.S. agreed to release $25 billion of Iran’s frozen assets in various forms, including cash transfers and financial credit lines.
- Congress will need to review and approve any final agreement on Iran’s nuclear program.
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