Ceasefire, oil waivers, and nuclear limits form the foundation of a 60-day timeline toward a final US–Iran agreement.
The United States has released the full text of a memorandum of understanding (MOU) with Iran following weeks of negotiations, marking a potential step toward resolving the long-running dispute over Iran’s nuclear program. Washington and Tehran have agreed in principle to a framework that calls for an immediate end to military hostilities and sets a maximum 60-day period (extendable by mutual consent) to reach a comprehensive final agreement.
The deal spans multiple areas, including a ceasefire, sanctions relief, maritime arrangements in the Strait of Hormuz, nuclear commitments, economic reconstruction, and mechanisms for future compliance and monitoring.
Under the security provisions, both sides commit to the immediate and permanent cessation of military operations across all fronts, including Lebanon, while refraining from any future use of force or hostile actions through themselves or their allies. They also pledge respect for sovereignty and territorial integrity, alongside a temporary freeze in the status quo, with Iran halting further nuclear advances and the US avoiding new sanctions or troop deployments.
On maritime issues, the US is expected to begin lifting its naval blockade immediately, with full removal within 30 days. Iran, in turn, would ensure safe and unrestricted commercial passage through the Strait of Hormuz for a 60-day period without fees, followed by the restoration of full operations after demining and technical clearance. Iran is also set to engage Oman and other Gulf states on longer-term arrangements for managing the waterway in line with international law.
In terms of sanctions and economic measures, the US agrees to a phased termination of sanctions—including UN, IAEA-related, and unilateral restrictions—as part of the final deal, alongside immediate waivers for Iranian oil exports and related financial and shipping services. Frozen Iranian assets would also be released and made usable under mutually agreed procedures.
The agreement further outlines a reconstruction framework in which the US and regional partners would develop a potential $300 billion economic recovery plan for Iran, with implementation details to be finalized in the concluding deal.
Regarding nuclear provisions, Iran reaffirms its commitment not to develop or acquire nuclear weapons. Existing enriched uranium stockpiles would be managed through down-blending under IAEA supervision, while future enrichment levels and related issues would be negotiated in the final agreement.
Finally, the MOU establishes a structured 60-day negotiation timeline, supported by an executive monitoring mechanism. Early implementation of ceasefire measures, maritime access, sanctions waivers, and financial releases is intended to facilitate broader talks, with the final agreement expected to be endorsed through a binding UN Security Council resolution.
Overall, the MOU serves as an interim de-escalation framework, linking immediate reductions in military tension and economic restrictions to Iran with commitments on ceasefire, nuclear constraints, and a pathway toward a broader normalization and reconstruction agreement.
All key commitments remain contingent on the successful conclusion of the “final deal.”
