READ: Full U.S.-Iran memorandum of understanding
Summary
The United States and Iran have signed a memorandum of understanding (MOU) to stop all military fighting immediately and permanently. They agreed to respect each other's borders, end sanctions, and work toward a final deal within 60 days that includes rebuilding Iran’s economy and ensuring safe shipping routes.Key Facts
- Both countries agree to end all military actions, including in Lebanon, and not threaten each other.
- They promise to respect each other’s sovereignty and not interfere in internal matters.
- The U.S. will remove its naval blockade on Iran within 30 days after signing the MOU.
- Iran will ensure safe and free passage for commercial ships in the Persian Gulf and Sea of Oman for 60 days.
- Iran will work with Oman and other nearby countries to manage the Strait of Hormuz peacefully.
- The U.S. and regional partners plan to invest at least $300 billion to rebuild Iran’s economy.
- The U.S. will end sanctions on Iran, including those by the United Nations and its own government, on a set schedule.
- Iran confirms it will not develop nuclear weapons and agrees to manage existing enriched nuclear material with the U.S.
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