US, Iran release details of war-ending MOU: Hormuz passage, nuclear talks

The full text of a Memorandum of Understanding (MOU) between the United States and Iran, agreed upon on June 14, 2026, was officially disclosed on June 17. The details were read out by a senior U.S. official during a phone briefing with reporters, under conditions of anonymity as per White House guidelines. Iran's state media subsequently released an identical draft.

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The United States of America (hereinafter referred to as the United States) and the Islamic Republic of Iran (hereinafter referred to as Iran) hereby jointly agree on the following, in accordance with the principle of good faith.

The MOU stipulates an immediate and permanent halt to military operations by the U.S., Iran, and their allies on all fronts, explicitly including Lebanon. It also guarantees free passage through the Strait of Hormuz. Iran is required to immediately restore civilian navigation and ensure unimpeded two-way traffic through the strait for 60 days without imposing fees. Concurrently, the U.S. will lift its naval blockade and other obstructive measures against Iran upon signing.

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The United States and Iran, and their respective allies currently engaged in hostilities, hereby declare the immediate and permanent cessation of military operations on all fronts, including Lebanon, and pledge not to initiate any war or military operations against each other henceforth.

A central aspect of the agreement involves a 60-day period for further negotiations on Iran's nuclear program, during which both nations will engage in technical discussions. The MOU explicitly states, "Iran reaffirms that it will not acquire or develop nuclear weapons." Both countries have also agreed to address the disposition of Iran's enriched uranium stockpile through a mutually agreed-upon mechanism.

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Iran reaffirms that it will not acquire or develop nuclear weapons.

However, the agreement includes significant economic support for Iran, contingent on its compliance, which is expected to spark debate. The U.S. has pledged to allow Iran full access to its frozen or restricted funds and assets immediately upon the MOU's implementation. Furthermore, the U.S. will issue waivers for sanctions on Iranian crude oil exports, petroleum products, and derivatives from the moment of signing until sanctions are fully lifted. The MOU also commits the U.S. and regional partners to establishing a reconstruction fund for Iran, with a minimum value of $300 billion, to support its rebuilding and economic development.

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The United States pledges to issue waivers for all sanctions related to the export of Iranian crude oil, petroleum products, and derivatives, including banking transactions, insurance, and transportation, from the moment of signing and until the termination of sanctions.