The White House has released the full text of the 14-point MoU which are:
1. The U.S. and Iran and their allies in the current war declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other, and to refrain from the threat or use of force against each other, and ensuring the territorial integrity and sovereignty of Lebanon.
2. The U.S. and Iran undertake to respect each other’s sovereignty and territorial integrity and to refrain from interfering in each other’s internal affairs.
3. The U.S. and Iran commit to negotiating and achieving the final deal in maximum of 60 days, extendable with mutual consent.
4. Immediately upon the signing, the U.S. will begin the removal of its naval blockade and any disturbances or impediments against the Islamic Republic of Iran, and will fully end the naval blockade within 30 days. During this period, the traffic of vessels will be in proportion to the numbers of pre-war traffic being restored by Iran. The U.S. further undertakes to remove its forces from the proximity of Iran within 30 days atter the final deal.
5. Upon the signing of this MoU, Iran will make arrangements using its best efforts for the safe passage of commercial vessels with no charge for 60 days from the Persian Gulf to the Sea of Oman, and vice versa. The traffic of commercial vessels will immediately start, in considering the need for removing the technical and military obstacles and demining by the Islamic Republic of Iran, within 30 days. Iran will conduct a dialogue with the Oman to define the future administration and maritime services in the Strait of Hormuz.
6. The U.S. undertakes with its regional partners to develop a definitive, mutually agreed plan with at least USD 300 billion for the reconstruction and economic development of the Islamic Republic of Iran, as part of a final deal.
7. The U.S. undertakes to terminate all types of sanctions against the Islamic Republic of Iran, including the United Nations Security Council resolutions, IAEA Board of Governors resolutions, and all unilateral U.S. sanctions, primary and secondary, in an agreed upon schedule as part of the final deal.
8. The Islamic Republic of Iran reaffirms that it shall not procure or develop nuclear weapons. The U.S. and Iran have agreed to resolve the disposition of stockpiled enriched materials, pursuant to a mechanism that will be mutually agreed upon in accordance with the schedule mentioned in paragraph seven with the minimum methodology to be downblending on site under the supervision of the IAEA. The two parties also agreed to discuss the issue of enrichment and other mutually agreed matters related to Iran’s nuclear needs.
9. Pending the final deal, the U.S. and Iran agree to maintain the status quo. Iran will maintain the current status quo of its nuclear program, and the U.S. will not impose any new sanctions and will not deploy additional forces in the region.
10. The U.S. undertakes that immediately upon the signing of this MoU, sanctions waivers will be issued for the export of Iranian crude oil, petroleum products, and derivatives, and all associated services, including banking transactions, insurances, transportation, etc.
11. The U.S. undertakes to make fully available for use the frozen or restricted funds of Iran upon the implementation of this MoU. The U.S. and Iran will mutually agree on the procedures related to the release of these funds during the negotiations.
12. A monitoring mechanism will be established to supervise the implementation of this MoU and subsequent final agreement.
13. After signing this MoU and subject to the beginning of the implementation of paragraphs 1, 4, 5, 10, and 11, the U.S. and Iran will start negotiations regarding the final deal.
14. The final deal will be endorsed by a UNSC Resolution.
