Complete 14-Point US-Iran Peace Deal Finally Revealed By Trump Administration
The Trump administration on Wednesday released the full text of the secretive 14-point memorandum of understanding between the United States and Iran, ending days of speculation over the contents of the agreement that was electronically signed earlier this week.
A senior administration official read the agreement to reporters during a conference call, revealing that the deal immediately lifts the US naval blockade against Iran and temporarily waives sanctions on Iranian oil exports while negotiators work toward a comprehensive peace agreement.
Other economic incentives, including the formal lifting of sanctions and a proposed $300 billion reconstruction package, would only be implemented after a final agreement is reached.
The release of the text comes after criticism from some Republicans and foreign policy observers who questioned whether Tehran had secured overly generous concessions from Washington.
The memorandum begins by declaring the immediate and permanent termination of military operations between the United States, Iran and their respective allies across all fronts, including Lebanon. Both sides pledge not to initiate future military actions against one another and commit to respecting Lebanon’s sovereignty and territorial integrity.
The agreement also commits Washington and Tehran to respecting each other’s sovereignty and refraining from interfering in one another’s domestic affairs.
Both countries agree to negotiate a final peace agreement within 60 days, with the option of extending talks by mutual consent.
Under the memorandum, the United States will immediately begin dismantling its naval blockade and remove all impediments against Iran. The blockade will be fully terminated within 30 days. Washington also commits to withdrawing its forces from the vicinity of Iran within 30 days after a final agreement is reached.
Iran, in turn, agrees to use its best efforts to ensure the safe and toll-free passage of commercial vessels through the Strait of Hormuz for 60 days. Commercial shipping traffic will resume immediately, with Tehran working to remove technical and military obstacles and conduct demining operations within 30 days.
The memorandum also states that Iran will hold discussions with Oman and other Gulf states regarding the future administration and maritime services of the Strait of Hormuz in accordance with international law and the rights of coastal nations.
The United States further commits to working with regional partners to establish a reconstruction and economic development package for Iran worth at least $300 billion. The framework for implementing the fund is to be finalized as part of the final agreement within the 60-day negotiating period.
Washington also agrees to eventually terminate all sanctions on Iran, including sanctions imposed by the United Nations Security Council, Board of Governors resolutions and unilateral American sanctions, under a mutually agreed timeline established in the final agreement.
Regarding Iran’s nuclear program, Tehran reaffirms that it will neither procure nor develop nuclear weapons. The two countries also agree to determine the disposition of Iran’s enriched uranium stockpile through a mutually agreed mechanism, with downblending under the supervision of the International Atomic Energy Agency serving as the minimum requirement.
The memorandum provides that both countries will discuss Iran’s future enrichment activities and other nuclear needs within a satisfactory framework that will be established in the final agreement.
Pending a final deal, both parties agree to maintain the status quo. Iran will keep its current nuclear program unchanged, while the United States agrees not to impose new sanctions or deploy additional military forces to the region.
The agreement immediately authorizes the US Treasury Department to issue waivers permitting the export of Iranian crude oil, petroleum products and related services, including banking transactions, insurance and transportation.
Washington also agrees to make available Iran’s frozen and restricted assets. The two governments will negotiate the procedures governing the release of those funds, which will ultimately be made available to beneficiaries designated by Iran’s central bank.
The memorandum establishes an executive mechanism to monitor implementation of the agreement and future compliance with any final peace deal.
Once the provisions regarding the cease-fire, blockade removal, Strait of Hormuz reopening, oil waivers and release of assets begin to be implemented, the United States and Iran will commence negotiations on all remaining issues contained in the memorandum.
Finally, the agreement provides that any final peace deal reached between Washington and Tehran will be endorsed through a binding United Nations Security Council resolution.