US and Iran Release Full Text of 14-Point Agreement to Restart Strait of Hormuz, Tehran Pledges No Nuclear Weapons

The U.S. government has publicly disclosed a 14-point interim agreement with Iran, designed to halt hostilities and reopen the vital Strait of Hormuz. This accord, formally titled the "Islamabad Memorandum of Understanding," was presented to the media by senior U.S. officials and lays the groundwork for upcoming negotiations.

The memorandum establishes an immediate and permanent end to all military actions on all fronts, including Lebanon, with both nations pledging not to wage war or threaten each other. It also emphasizes respect for sovereignty and non-interference in internal affairs. The agreement sets a 60-day negotiation period, extendable by mutual consent, for a final accord. A significant aspect includes the U.S. lifting its maritime blockade on Iran within 30 days, facilitating the gradual restoration of pre-war shipping traffic.

Iran has committed to ensuring the safe passage of commercial vessels through the Persian Gulf and the Sea of Oman for 60 days, with full clearance of navigational and demining efforts expected within 30 days. Discussions with Oman and other Gulf states are planned to define future management of the Strait of Hormuz. The U.S. also pledged to work with regional partners on a plan providing at least $300 billion for Iran's post-war reconstruction and economic development, with implementation mechanisms to be established within 60 days.

Crucially, the agreement addresses sanctions and Iran's nuclear program. The U.S. committed to terminating all sanctions based on a timeline in the final agreement, while Iran reiterated its commitment not to seek or develop nuclear weapons. Both sides agreed to address the disposal of enriched fuel stockpiles, with a minimum standard of on-site down-blending under IAEA supervision. The U.S. will also issue waivers for Iranian oil exports and related financial transactions before sanctions are formally lifted, and will work to restore access to Iran's frozen funds.