FACTBOX – Key Provisions In Iran-US Draft Memorandum Of Understanding According To Iranian Media

Iranian media published details Monday of a 14-point draft memorandum of understanding between Iran and the US laying out a proposed framework to end the war and move toward a final agreement.

The semi-official Mehr News Agency said the draft calls for an immediate and permanent halt to the war on all fronts, including Lebanon, the lifting of the US naval blockade against Iran, the reopening of the Strait of Hormuz and a 60-day negotiation period covering nuclear issues and sanctions relief.

The reported draft comes after Iran said the memorandum of understanding had been finalized and would be formally signed Friday in Geneva, while US President Donald Trump said a deal with Iran was complete and announced the reopening of the Strait of Hormuz and the “immediate removal” of the US naval blockade.

End of war, US commitments

According to Mehr, the draft calls for an immediate and permanent end to the war on all fronts, including Lebanon.

It also includes a US commitment not to interfere in Iran’s internal affairs and to respect the sovereignty of the Islamic Republic.

The draft further requires the US to withdraw its forces from around Iran and refrain from deploying additional troops to the region or imposing new sanctions during the negotiation period.

Hormuz reopening, blockade lifting

The draft provides for the full lifting of the US naval blockade against Iran within 30 days.

It also calls for reopening the Strait of Hormuz within 30 days under Iranian arrangements.

Mehr said the draft includes a monitoring mechanism to oversee implementation of the agreement.

Sanctions relief, frozen assets

The draft provides for the suspension of sanctions on Iranian oil sales, petrochemical products and derivatives while granting Tehran full access to the financial proceeds.

It also calls for the release of $24 billion in frozen Iranian assets during the 60-day negotiations period, with half of the amount to be made available to Iran before the start of final talks.

According to the draft reported by Mehr, the final agreement would include the full lifting of US primary and secondary sanctions as well as the termination of relevant UN Security Council and International Atomic Energy Agency Board of Governors resolutions.

Nuclear talks, Iranian red lines

The draft sets a 60-day negotiation period to reach a final agreement focused on nuclear issues and sanctions relief.

It says Iran would reiterate its commitment under the Nuclear Non-Proliferation Treaty (NPT) not to produce nuclear weapons.

Mehr said the final negotiations would focus only on the fate of enriched material and enrichment activities, sanctions relief and the reconstruction of Iran’s economy.

The report added that Iran’s missile program and support for resistance groups were “definitively” excluded from the final negotiation agenda.

Reconstruction plans, final agreement

The draft requires the US and its allies to present reconstruction plans for Iran worth at least $300 billion.

It also says the final agreement would be endorsed through a UN Security Council resolution.

Mehr reported that final negotiations would not begin before half of Iran’s frozen assets are released, sanctions on Iranian oil are suspended and the naval blockade is lifted.

Last-minute changes

Separately, Tasnim News Agency, citing an informed source, said late changes were introduced to the draft during the final hours of negotiations, including provisions related to administration of the Strait of Hormuz.

The source added that guarantees related to Lebanon’s sovereignty and territorial integrity were also included at the final stage and played a role in Iran not carrying out a planned response to Israeli strikes on Beirut’s southern suburbs.