An end to military hostilities, the reopening of the Strait of Hormuz and a roadmap for sanctions relief are among the key provisions contained in a reported agreement between the United States and Iran.
ANI, citing international media reports, said US President Donald Trump and Iranian President Masoud Pezeshkian have signed a 14-point memorandum that lays down the framework for future negotiations on Tehran’s nuclear programme and economic restrictions. The document is said to have taken effect immediately and envisages negotiations toward a final deal within 60 days.
French President Emmanuel Macron also welcomed the development, saying the agreement could help reopen the Strait of Hormuz and contribute to lower energy prices.
What the memorandum proposes
The first provision calls for the immediate and permanent end of military operations between the two sides and their allies. It also commits both countries to refrain from future military action or threats against one another. The provision extends to developments in Lebanon and refers to preserving Lebanon’s sovereignty and territorial integrity.
A second clause commits Washington and Tehran to respecting each other’s sovereignty and avoiding interference in domestic affairs.
The memorandum further sets a 60-day timeline for negotiating a final agreement, although both sides would be able to extend the deadline through mutual consent.
Strait of Hormuz and regional security
Several provisions focus on restoring maritime traffic through the Strait of Hormuz.
Under the framework, the United States would begin removing its naval blockade and related restrictions immediately after the signing of the memorandum. The document envisages a complete end to the blockade within 30 days.
Iran, for its part, would facilitate safe passage for commercial shipping between the Persian Gulf and the Sea of Oman. The arrangement would initially remain in place for 60 days without any charges for commercial vessels.
The memorandum also envisages consultations between Iran, Oman and other Gulf states on future maritime administration and services in the Strait of Hormuz in accordance with international law and the rights of coastal states.
The United States would additionally undertake to move its forces away from Iran’s vicinity within 30 days after a final agreement is concluded.
Economic package and sanctions relief
One of the most significant provisions concerns economic cooperation.
According to the memorandum, the United States would work with regional partners on a reconstruction and economic development package for Iran valued at no less than USD 300 billion.
The framework for implementing that programme would be negotiated as part of the final agreement.
The document also outlines a pathway for lifting sanctions. It states that Washington would work toward terminating sanctions imposed through United Nations Security Council resolutions, International Atomic Energy Agency (IAEA) resolutions and unilateral US measures under an agreed schedule.
Pending a final settlement, the US Treasury would issue waivers allowing exports of Iranian crude oil, petroleum products and related services, including banking, insurance and transportation.
The memorandum further proposes releasing Iranian funds and assets currently frozen or restricted. Procedures for accessing those assets would be negotiated by both sides.
Nuclear programme provisions
The nuclear issue forms a central part of the proposed framework.
Iran reiterates in the memorandum that it will not seek or develop nuclear weapons.
The document also proposes negotiations on the future of Iran’s stockpile of enriched material. It suggests that any agreed mechanism could involve down-blending enriched material under IAEA supervision.
Washington and Tehran would also discuss uranium enrichment and Iran’s future nuclear requirements as part of the broader negotiations.
Until a final agreement is reached, Iran would maintain the current status of its nuclear programme. In return, the United States would refrain from imposing new sanctions or deploying additional military forces in the region.
Monitoring and UN backing
The memorandum proposes the creation of a joint implementation mechanism to monitor compliance with both the interim arrangement and any future agreement.
It also specifies that negotiations on remaining provisions would begin once implementation starts on key commitments relating to military de-escalation, shipping access, oil exports and frozen assets.
The final provision states that any comprehensive agreement emerging from the process would be endorsed through a binding United Nations Security Council resolution.
According to ANI, the text of the memorandum was referenced by multiple international media outlets, including CNN, Press TV and Fox News. The official printed version of the document has not yet been publicly released.