The United States of America officially announced the details of the Memorandum of Understanding reached with the Islamic Republic of Iran, named 'Islamabad Memorandum of Understanding'. This announcement paves the way for a transitional phase aimed at ending military and political tensions in the region through a specific temporal roadmap.
The memorandum includes a fundamental clause stipulating the immediate and permanent cessation of all military operations on all active fronts, with explicit mention that this cessation includes the Lebanese arena. Both parties also pledged to refrain from launching any future attacks or threatening the use of force, while guaranteeing the full sovereignty and territorial integrity of the concerned states.
Regarding the field aspect, Washington committed to immediately begin lifting the naval blockade imposed on Iran, with this blockade to be fully lifted within thirty days. The agreement also included a US pledge to withdraw military forces from areas surrounding Iran within one month of the signing of the anticipated final agreement.
For its part, Tehran pledged to secure commercial navigation in the Gulf and Oman Sea for sixty days, and to begin technical operations to remove naval mines within thirty days. Iran will open a dialogue with the Sultanate of Oman to regulate the future administration of the Strait of Hormuz in line with international laws and the rights of riparian states.
On the economic front, the document revealed a massive plan for the reconstruction and development of Iran worth no less than 300 billion US dollars, to be implemented in cooperation with regional partners. The US administration will issue all necessary financial licenses to ensure the flow of these investments as part of the final agreement to be approved.
The memorandum also stipulated a US commitment to end all forms of sanctions imposed on Tehran, whether unilateral sanctions or those issued by the UN Security Council and the International Atomic Energy Agency. This will be accompanied by a clear timeline ensuring the gradual and systematic lifting of restrictions on the Iranian economy during the negotiation period.
In the nuclear file, Iran reiterated its commitment not to seek nuclear weapons, and both parties agreed on a mechanism to reduce uranium enrichment levels at existing sites. This process will be under the direct supervision of the International Atomic Energy Agency, taking into account Iran's peaceful nuclear needs in the final agreement.
Under the new understandings, the US Treasury Department will issue immediate waivers allowing Iran to export crude oil, its derivatives, and petroleum products without hindrance. These waivers include all logistical services associated with export, including insurance, transportation, and international banking transactions that were previously prohibited.
The United States also commits to providing full access to frozen Iranian funds and assets abroad immediately upon the implementation of the memorandum's provisions. Mechanisms for transferring these funds to settle payments specified by the Central Bank of Iran will be agreed upon, with all necessary legal permits issued to facilitate these operations.
The memorandum set a sixty-day period to reach the final version of the agreement, with the possibility of extension if both parties agree. During this period, the current status of Iran's nuclear program will be maintained in exchange for no new US sanctions or additional troop deployments in the region.
Informed sources reported that the final round of negotiations will begin in Switzerland next Friday, where discussions will focus on technical details and implementation mechanisms. A joint monitoring mechanism will oversee ensuring the commitment of all parties to the memorandum's provisions to ensure a smooth transition towards a comprehensive agreement.
Finally, the memorandum emphasized that the final agreement reached will be submitted to the UN Security Council for adoption as a binding resolution under Chapter VII. This approach reflects the desire of both parties to give the understandings a permanent international legal character, ensuring long-term stability in the region.
The United States of America and the Islamic Republic of Iran pledge to respect each other's sovereignty and territorial integrity, and to refrain from interfering in each other's internal affairs.
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Washington publishes full text of memorandum of understanding with Tehran: Comprehensive cessation of war and $300 billion for reconstruction