The US and Iran have agreed to a 14-point memorandum ending their war, reopening the Strait of Hormuz, easing sanctions, and unfreezing billions in Iranian funds, with 60 days set aside to hash out the harder stuff — nukes, missiles, and money.
President Trump announced the deal in a Truth Social post, declaring the Strait of Hormuz open and the naval blockade lifted. The agreement caps more than one hundred days of war, with a formal signing ceremony set for June 19 in Switzerland.
The memorandum offers Tehran real breathing room — sanctions waivers, frozen funds, a massive reconstruction pledge — while leaving the gnarliest issues, like enriched uranium and missiles, for follow-up talks.
Notably, the text says nothing about Iran’s conventional missile arsenal and folds Lebanon into the ceasefire, a detail unlikely to thrill Israel, CNN reports.
The 14 points includes:
- Permanent end to the war on all fronts, including Lebanon.
- Mutual respect for sovereignty; no interference in each other’s internal affairs.
- Final agreement to be negotiated within 60 days (extendable).
- US lifts the Hormuz naval blockade; pulls forces from nearby areas within 30 days of a final deal.
- Iran lifts its own blockade and clears shipping obstacles.
- US commits to helping secure at least $300 billion for Iran’s reconstruction.
- Phased rollback of UN, IAEA, and US sanctions (no fixed timeline).
- Iran reaffirms no nuclear weapons; enriched-uranium stockpile to be addressed later.
- Iran freezes nuclear advancement for 60 days; US adds no new sanctions or troops meanwhile.
- US issues waivers for Iranian oil/petrochemical sales, plus banking, insurance, shipping.
- Iran gets phased access to frozen funds as talks progress.
- A monitoring mechanism oversees implementation.
- Talks continue once Articles 4, 5, 10, and 11 are underway.
- Final deal to be locked in via binding UN Security Council resolution.
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