GENEVA, SWITZERLAND — Senior Trump administration officials have outlined a 14-point memorandum of understanding aimed at ending the U.S.-Iran war, reopening the Strait of Hormuz, and starting 60 days of negotiations toward a final agreement.
The deal calls for an immediate and permanent halt to military operations between the United States, Iran, and their allies, including operations connected to Lebanon. Both sides would agree not to threaten or use force against each other and would respect each other’s sovereignty.
A central provision requires the United States to begin lifting its naval blockade after the agreement is signed and fully end it within 30 days. Iran, in turn, would make arrangements for commercial vessels to safely pass through the Strait of Hormuz for 60 days without charge, with full traffic restoration expected within 30 days.
The agreement also includes major economic concessions. The United States would issue waivers for Iranian oil exports, begin making frozen Iranian assets available, and work with regional partners on a proposed $300 billion reconstruction and development plan for Iran.
On nuclear issues, Iran would reaffirm that it will not develop nuclear weapons. The deal also calls for Iran’s enriched material to be handled through a mutually agreed mechanism under International Atomic Energy Agency supervision.
Vice President JD Vance is expected to represent the United States at the signing, though President Donald Trump said he may attend while in Europe for the G7 summit.
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