US Releases Official Agreement With Iran — Read the Full 14-Point Text

A senior US administration official read out the full document to reporters on Wednesday, after growing public and political pressure over the secrecy surrounding its contents. The agreement addresses the immediate reopening of the Strait of Hormuz, major financial sanctions relief for Iran, a pathway for resolving Iran's nuclear program, and a massive economic reconstruction commitment worth at least $300 billion.

The MOU is set to be formally signed on Friday in Switzerland, triggering a 60-day window for both nations to negotiate a comprehensive final deal.

"This is fundamentally an agreement that allows us to open the Strait of Hormuz immediately, commit the Iranians to destroying the nuclear material, and then gives us a dial where if the Iranians dial up their good behavior, we respond by dialing up the kind of economic and sanctions relief that can make them a more prosperous country." — Senior US Administration Official

The official text closely mirrors an earlier draft that had been leaked, but contains two important additions: a "minimum methodology" for neutralizing Iran's stockpile of highly enriched uranium — specifying it will be down-blended on site under International Atomic Energy Agency (IAEA) supervision — and a provision that Iran will allow commercial vessels through the Strait of Hormuz free of charge for 60 days only, language absent from the earlier draft.

The agreement was digitally signed over the weekend by President Donald Trump, Vice President JD Vance, and Iranian parliamentary speaker Mohammad Bagher Ghalibaf.

The US-Iran MOU represents a fundamental shift in one of the world's most tense geopolitical relationships. The Strait of Hormuz — through which approximately 20% of the world's oil supply passes — had been severely disrupted during the conflict. For context on how the deal has already impacted energy markets, read SunoNews's earlier report: Oil prices crash below $75 as Iran-US deal eases market fears.

US officials have described the memo as a "political document" that does not capture the full scope of private back-channel commitments Iran has made to the United States, particularly on nuclear issues. A senior US official stressed that President Trump is fully prepared to resume military action if Iran fails to meet its obligations.

"If it doesn't get done in 60 days, that's all right. We go back to bombing. I don't want to do that, because it's so good, but we might have to, because we're never going to let them have a nuclear weapon." — President Donald Trump, G7 Summit, France

The G7 leaders formally backed the agreement, calling it a "historic opportunity to prevent Iran from acquiring any nuclear weapon" and pledging to contribute to its implementation. The UN chief has also praised Pakistan and regional mediators for their role in bringing both sides to the table.

The United States of America and the Islamic Republic of Iran have jointly agreed in good faith on the following:

Point 1 — Immediate and Permanent End to Military Operations on All Fronts

The United States of America and the Islamic Republic of Iran, along with their respective allies in the current war, are signing this MOU to declare the immediate and permanent termination of military operations on all fronts, including in Lebanon. Both parties commit to not initiating any war or military operation against each other, and to refraining from the threat or use of force against each other. The agreement also ensures the territorial integrity and sovereignty of Lebanon. The final deal will confirm the permanent termination of the war on all fronts, including Lebanon, and other provisions of this paragraph.

Point 2 — Mutual Respect for Sovereignty and Non-Interference in Internal Affairs

The United States of America and the Islamic Republic of Iran undertake to respect each other's sovereignty and territorial integrity and to refrain from interfering in each other's internal affairs.

Point 3 — Maximum 60-Day Deadline to Reach a Final Deal

Both nations commit to negotiating and achieving the final deal within a maximum of 60 days, extendable with mutual consent. This establishes a clear and binding deadline for turning this MOU into a comprehensive agreement.

Point 4 — US to Fully Remove Naval Blockade Within 30 Days

Immediately upon signing this MOU, the United States will begin removing its naval blockade and any disturbances or impediments against Iran. The full removal will be completed within 30 days. During this period, vessel traffic will be restored proportionally in line with pre-war numbers. The US further commits to withdrawing its forces from the proximity of Iran within 30 days after the final deal is signed. In a sign the deal is already being implemented, five Iranian ships have already passed through the Strait of Hormuz following the initial lifting of the US blockade.

Point 5 — Iran to Reopen Strait of Hormuz for Commercial Vessels — Free for 60 Days

Upon signing the MOU, Iran will take all necessary steps to ensure safe passage of commercial vessels through the Strait of Hormuz at no charge, for 60 days only, in both directions between the Persian Gulf and the Sea of Oman. Commercial traffic will resume immediately, while demining and the removal of technical and military obstacles by Iran will be completed within 30 days. Iran will also engage in dialogue with the Sultanate of Oman — and in consultation with other Persian Gulf coastal states — to define the future administration and maritime services of the Strait, in line with applicable international law. SunoNews had earlier reported that the US confirmed the Strait of Hormuz will be toll-free under the Iran deal — a provision now officially confirmed in the released text.

Point 6 — $300 Billion US-Led Reconstruction Plan for Iran

The United States, together with regional partners, commits to developing a definitive, mutually agreed plan of at least USD $300 billion for the reconstruction and economic development of Iran. The implementation mechanism for this plan will be finalized as part of the final deal within 60 days. All required licenses, waivers, and permissions needed for the relevant financial transactions will be granted by the United States.

Point 7 — US Commits to Terminating All Sanctions Against Iran

The United States commits to terminating all types of sanctions against Iran, including United Nations Security Council resolutions, IAEA Board of Governors resolutions, and all unilateral US sanctions — both primary and secondary — according to a schedule to be agreed as part of the final deal. Both sides acknowledged the critical importance of this issue and pledged to address it immediately in negotiations. For a deeper analysis of the geopolitical forces at play, read SunoNews Opinion: Trump's Iran deal claims and collapse of US strategic credibility.

Point 8 — Iran Reaffirms It Will Not Develop Nuclear Weapons; Enriched Uranium to Be Down-Blended Under IAEA Supervision

Iran reaffirms that it shall not procure or develop nuclear weapons. Both the US and Iran have agreed to resolve the fate of Iran's stockpile of enriched material through a mutually agreed mechanism. The minimum methodology established specifies that the near-bomb-grade uranium will be down-blended on site under the supervision of the IAEA. The two parties also agreed to discuss Iran's enrichment activities and related nuclear needs, based on a satisfactory framework to be agreed in the final deal. Both sides acknowledged the critical importance of the nuclear issue and committed to addressing it immediately in negotiations.

Point 9 — Both Sides to Maintain Status Quo Until Final Deal Is Reached

Pending the final deal, both nations agree to maintain the current status quo. Iran will keep its nuclear program at its present level without further advancement. The United States will not impose any new sanctions and will not deploy additional military forces in the region.

Point 10 — US Treasury to Issue Immediate Waivers for Iranian Oil Exports

Immediately upon signing the MOU, and until sanctions are fully lifted, the US Department of Treasury will issue waivers authorizing the export of Iranian crude oil, petroleum products, and derivatives — along with all associated services including banking, insurance, and transportation. The direct impact of this provision is already visible: global oil prices have fallen sharply after the Iran-US deal, with fuel relief also expected in Pakistan.

Point 11 — Iran's Frozen Assets and Funds to Be Fully Released

The United States commits to making fully available all frozen or restricted funds and assets of Iran upon implementation of this MOU. Both sides will mutually agree on procedures for releasing these funds during negotiations. The funds — whether held in original accounts or transferred — will be fully usable for payments to any ultimate beneficiary designated by the Central Bank of Iran. The United States will issue all necessary licenses and authorizations accordingly.

Point 12 — Joint Executive Mechanism to Monitor Compliance

Both the United States and Iran agree that an executive mechanism will be established to monitor the successful implementation of this MOU and to ensure future compliance with the final deal.

Point 13 — Final Deal Negotiations Begin After Key Provisions Are Activated

After signing the MOU, and following the start of implementation of Points 1, 4, 5, 10, and 11 — and their continued implementation — both nations will begin negotiations on the remaining points of the final deal. This sequencing ensures that the ceasefire, naval access, oil waivers, and asset release are activated before broader negotiations proceed.

Point 14 — Final Deal to Be Endorsed by a Binding UN Security Council Resolution

The final deal, once reached, will be endorsed by a binding resolution of the United Nations Security Council, giving it full international legal standing and ensuring accountability from both parties.

Two major additions appear in the official text that were absent from the earlier leaked draft.

The "Minimum Methodology" Clause (Point 8): The official text specifies that Iran's stockpile of highly enriched uranium will be down-blended on site under IAEA supervision as a baseline method. This concrete nuclear commitment was entirely missing from the earlier leaked version.

Free Strait of Hormuz Passage Limited to 60 Days (Point 5): The official text adds the phrase "with no charge, for 60 days only" — clarifying that toll-free passage is a temporary, time-bound measure, with future arrangements to be negotiated with Oman and Gulf states. For the full background on how the deal details emerged, read: Iran-US deal details revealed.

Impact on Energy Markets

The Strait of Hormuz carries roughly 20% of global oil trade. Its reopening, combined with Iranian oil export waivers, is already pulling oil prices lower. Oil prices have crashed below $75 as the Iran-US deal eases market fears, and global oil prices continue to fall with fuel relief expected in Pakistan.

Impact on Pakistan

Pakistan played a notable role as a regional mediator in bringing the two sides together. The UN Secretary-General praised Pakistan and regional mediators for their contribution to the peace process. The deal's economic ripple effects are already being felt locally, with Pakistanis rushing to buy Iranian currency after the peace deal was announced.

Impact on Nuclear Non-Proliferation

Iran's reaffirmation that it will never develop nuclear weapons — backed by IAEA-supervised down-blending of its enriched uranium — is a concrete step toward preventing nuclear escalation in the region. For deeper strategic context, read: The US-Israel war on Iran: Theoretical analysis, legality, and possible outcomes.

Impact on Lebanon

The ceasefire covers all fronts including Lebanon, where Hezbollah-linked hostilities have defied multiple prior ceasefire efforts. Israeli officials remain skeptical, but the inclusion of Lebanon in the termination of hostilities is a significant diplomatic commitment.

Impact on International Law

A binding UN Security Council resolution endorsing the final deal sets a precedent for international accountability in the Middle East peace process.

Read More on SunoNews

• Iran-US deal details revealed
• US says Strait of Hormuz will be toll-free under Iran deal
• Five Iranian ships pass Strait of Hormuz after US blockade lift
• Oil prices crash below $75 as Iran-US deal eases market fears
• Why Pakistanis rush to buy Iranian currency after US-Iran peace deal
• UN chief praises Pakistan, regional mediators in US-Iran deal
• Global oil prices fall further, fuel relief expected in Pakistan
• Opinion: The Strait of Hormuz — A Strategic Lifeline of the Global Economy
• Opinion: Trump's Iran deal claims and collapse of US strategic credibility
• Latest World News
• Iran-Israel War Coverage