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Read the 14 points of the agreement between Iran and the U.S.

From CBS News · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • The U.S. and Iran have agreed to an immediate and permanent end to military operations on all fronts, including in Lebanon.
  • Iran will be able to export oil immediately after signing the memorandum of understanding, and U.S. sanctions will be lifted as part of a final deal linked to nuclear compliance.
  • The agreement includes a 60-day timeframe to sign a final deal, with President Trump stating that failure to reach an agreement could lead to a return to military action.

Senior U.S. officials outlined a 14-point memorandum of understanding between the United States and Iran, detailing key provisions for an end to hostilities and a path toward normalization. The officials, speaking on condition of anonymity, shared the agreement's text during a phone call with reporters.

the immediate and permanent end to military operations on all fronts, including in Lebanon.

โ€” Senior U.S. officialsKey points of the deal include the agreement to end military operations.

A central tenet of the deal is the "immediate and permanent end to military operations on all fronts, including in Lebanon." This cessation of conflict is to be accompanied by Iran's ability to resume oil exports as soon as the memorandum is signed. Furthermore, the U.S. and its regional partners commit to developing a reconstruction plan for Iran valued at a minimum of $300 billion.

will make arrangements using its best efforts for the safe passage of commercial vessels with no charge for 60 days only from the Persian Gulf to the Sea of Oman and vice versa.

โ€” Senior U.S. officialsIran's responsibilities under the agreement include facilitating safe passage for commercial vessels.

The agreement also addresses Iran's nuclear program, with the nation affirming it "shall not procure or develop nuclear weapons" and agreeing to "resolve the disposition of stockpiled enriched material." U.S. sanctions on Iran are set to be lifted on schedule, contingent upon nuclear compliance, as part of a final agreement. Both sides have agreed to a 60-day period to finalize this comprehensive deal, with the possibility of mutual extension.

Iran affirms that it "shall not procure or develop nuclear weapons."

โ€” Senior U.S. officialsIran's commitment to non-proliferation is a key aspect of the agreement.

President Trump commented on the timeline during the G7 summit in France, stating, "If it doesn't get done in 60 days, that's all right. We go back to bombing." He emphasized his reluctance to pursue military action but underscored the U.S. commitment to preventing Iran from acquiring nuclear weapons. The details of the agreement were transcribed from an official reading, as CBS News had not directly accessed the document.

have agreed to resolve the disposition of stockpiled enriched material.

โ€” Senior U.S. officialsThe agreement also covers the management of enriched nuclear material.
DistantNews Editorial

Originally published by CBS News. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.