US-Iran Agreement: Key Points of the Framework Deal Signed to End West Asian Conflict

Paris: The United States and Iran have formally signed an interim agreement aimed at ending hostilities and creating a pathway for a broader political and nuclear settlement. According to CNN, the framework has been titled the 'Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran'.

Key points of the agreement:

1. Immediate end to hostilities

The agreement brings into effect an immediate halt to military operations between the United States and Iran and extends to allied fronts, including developments linked to Lebanon.

2. Commitment against future conflict

Both countries agreed not to threaten or use force against each other and committed to respecting sovereignty and territorial integrity.

3. Timeline for a final agreement

The framework establishes a 60-day negotiation period to conclude a comprehensive agreement. Any extension would require mutual consent.

4. Easing of US restrictions

Washington agreed to begin removing restrictions affecting Iranian ports and gradually roll back military pressure measures in the region within the implementation period.

5. Strait of Hormuz to reopen

Iran agreed to facilitate safe passage for commercial shipping through the Strait of Hormuz without imposing transit charges under the interim arrangement.

6. Nuclear commitments

Iran pledged not to pursue nuclear weapons. Both sides agreed that the future of Iran’s enriched uranium stockpile would be resolved through a mechanism to be finalised under international oversight.

7. Oil exports and sanctions relief

The United States agreed to issue waivers enabling Iranian oil exports while discussions continue on broader sanctions relief.

8. Access to frozen assets

The framework provides for the phased release and use of Iranian funds and assets currently under restrictions.

9. Economic reconstruction proposal

According to CNN, the agreement includes a proposed international reconstruction and development plan for Iran valued at around $300 billion.

10. Monitoring and implementation mechanism

Both sides agreed to establish a system to oversee implementation and compliance with the memorandum and any future settlement.

11. Final agreement to receive UN backing

Officials indicated that any permanent agreement is expected to be formalised through a binding United Nations Security Council resolution.