The officials, who requested anonymity while discussing the draft—unreleased by Iran—provided details ahead of a formal signing ceremony scheduled for Friday.
Here’s what the U.S. draft includes:
1. The United States of America and the Islamic Republic of Iran, along with their allies involved in the ongoing conflict, hereby declare the immediate and permanent cessation of military operations across all fronts, inclusive of Lebanon. They commit to abstaining from initiating warfare or any military actions against one another, refraining from threats or the use of force, and ensuring Lebanon’s territorial integrity and sovereignty. The final agreement will reinforce the definitive end of hostilities on all fronts, including Lebanon and additional clauses of this paragraph.
2. The United States of America and the Islamic Republic of Iran pledge to honor each other’s sovereignty and territorial integrity, avoiding interference in domestic matters.
3. Both parties agree to negotiate and conclude the final deal within a maximum of 60 days, extendable upon mutual consent.
4. Following the signing of this MOU, the United States will initiate the removal of its naval blockade and any disruptions against the Islamic Republic of Iran, fully ending the blockade within 30 days.
During this timeframe, vessel traffic will gradually return to prewar levels, as restored by the Islamic Republic of Iran. Additionally, the United States will withdraw its forces to a safe distance from the Islamic Republic within 30 days following the final agreement.
5. Upon signing this MOU, the Islamic Republic of Iran will make necessary arrangements to ensure safe passage for commercial vessels, free of charge, for a duration of 60 days between the Persian Gulf and the Sea of Oman.
The movement of commercial vessels will commence immediately, and considering the need to eliminate technical and military obstacles along with demining efforts by the Islamic Republic, this will be operational within 30 days.
The Islamic Republic of Iran will engage in discussions with the Sultanate of Oman to outline future maritime governance and services in the Strait of Hormuz, consulting other littoral states of the Persian Gulf in accordance with international law and the sovereign rights of coastal nations.
6. The United States of America, along with regional partners, will formulate a definitive, mutually agreed plan amounting to at least USD 300 billion for the reconstruction and economic development of the Islamic Republic of Iran.
Details concerning the implementation of this plan will be established as part of the final agreement within 60 days. The United States will provide all necessary licenses, waivers, and approvals for related financial transactions.
7. The United States of America commits to lifting all forms of sanctions against the Islamic Republic of Iran, including those from the United Nations Security Council, IAEA Board of Governors, and all unilateral U.S. sanctions—both primary and secondary—according to a mutually agreed timetable as part of the final agreement.
Both parties recognize the critical nature of sanctions termination and express their intent to address these matters promptly in negotiations to achieve mutual understanding.
8. The Islamic Republic of Iran reiterates its commitment not to acquire or develop nuclear weapons. The United States and the Islamic Republic have agreed to resolve the handling of enriched material stockpiles through a mechanism to be established mutually, adhering to the timeline mentioned in Paragraph 7, employing minimal processing methods on-site under IAEA supervision.
Both parties will also discuss enrichment and other pertinent issues concerning the Islamic Republic’s nuclear requirements based on a satisfactory framework established in the final deal. The final agreement will affirm these terms.
The United States of America and the Islamic Republic of Iran acknowledge the urgent need to address the mentioned nuclear issues and express their intention to resolve these matters in the negotiations to reach mutual agreement.
9. Until the final agreement is reached, both parties agree to maintain the current situation. The Islamic Republic will uphold its existing nuclear program status, while the United States will refrain from imposing new sanctions or deploying additional forces to the region.
10. The United States of America commits that immediately after signing this MOU, and until sanctions are lifted, the U.S. Department of Treasury will issue waivers for the export of Iranian crude oil, petroleum products, and derivatives, alongside all related services such as banking transactions and transportation.
11. The United States will facilitate the usage of frozen or restricted funds and assets belonging to the Islamic Republic of Iran upon the implementation of this MOU. The two countries will agree on the procedures for releasing these funds during negotiations.
These funds, whether retained in the original accounts or transferred, will be made fully available for any ultimate beneficiary designated by the Central Bank of the Islamic Republic of Iran. The United States will issue all necessary licenses and authorizations accordingly.
12. Both parties agree to establish an executive mechanism to oversee the effective implementation of this MOU and future compliance with the final agreement.
13. After signing this MOU and following the commencement of the actions described in paragraphs 1, 4, 5, 10, and 11, as well as ongoing adherence to these measures, both the United States and the Islamic Republic will begin discussions regarding the final agreement focusing solely on the remaining paragraphs.
14. The final agreement will receive endorsement through a binding UNSC resolution.
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