US and Iran reach interim deal to end war, reopen Strait of Hormuz

A senior US official has revealed the key points of a 14-point interim agreement between the United States and Iran aimed at ending the ongoing war. The deal mandates an immediate and permanent cessation of military operations across all fronts, including Lebanon, for a period of 60 days upon signing.

Both parties have committed to respecting each other's sovereignty and territorial integrity, while refraining from interfering in internal affairs. A significant aspect of the agreement involves the gradual reopening of the Strait of Hormuz, which has been under blockade. Iran will facilitate safe passage for commercial vessels through the strait for 60 days without charge, starting immediately after the agreement is signed. This process will involve removing technical and military obstacles and de-mining operations.

The agreement also addresses Iran's nuclear program, with the Islamic Republic reaffirming its commitment not to procure or develop nuclear weapons. Iran is to down-blend its highly enriched uranium under the supervision of the International Atomic Energy Agency. The framework agreement is scheduled for formal signing in Switzerland on Friday.

Key provisions include the termination of US naval blockades in the Strait of Hormuz within 30 days and the US undertaking to develop a reconstruction and development plan for Iran valued at least $300 billion. The US will also terminate all sanctions against Iran and issue waivers for Iranian crude oil exports. Pending the final deal, the US and Iran will maintain the status quo of Iran's nuclear program, with no new sanctions or additional forces deployed by the US.