Read the 14-point memorandum of understanding between the United States and Iran

The memorandum of understanding (MOU) between the United States and Iran includes a 60-day ceasefire and the reopening of the Strait of Hormuz, according to a copy of the text obtained by Military Times. It also paves the way for sanctions relief and a $300 billion reconstruction incentive for the Islamic Republic – contingent upon a final deal being agreed. President Donald Trump and Vice President JD Vance electronically signed the accord Sunday, ahead of a formal ceremony scheduled for Friday in Switzerland. Vance is expected to lead the American delegation alongside special envoy Steve Witkoff and the president’s son-in-law, Jared Kushner. The agreement leaves the most difficult points of contention between Washington and Tehran – such as the fate of Iran’s nuclear program – to the next phase of negotiations. Trump, speaking at the Group of Seven summit in France on Wednesday, warned that any Iranian violation of the terms would spark a renewed U.S. military campaign. “If they don’t behave, we’ll go right back to dropping bombs right smack in the middle of their head,” the commander-in-chief told reporters. The full text of the “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran” is as follows: Paragraph 1 The United States of America and the Islamic Republic of Iran and their allies in the current war, by signing this MOU, declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operations against each other, and to refrain from the threat or use of force against each other, and ensuring the territorial integrity and sovereignty of Lebanon. The final deal will confirm the permanent termination of the war on all fronts, including in Lebanon, and other provisions of this paragraph. Paragraph 2 The United States of America and the Islamic Republic of Iran undertake to respect each other’s sovereignty and territorial integrity and to refrain from interfering in each other’s internal affairs. Paragraph 3 The United States of America and the Islamic Republic of Iran commit to negotiating and achieving the final deal in maximum 60 days, extendable with mutual consent. Paragraph 4 Immediately upon the signing of this MOU, the United States of America will begin the removal of its naval blockade, and any disturbances or impediments against the Islamic Republic of Iran, and will fully end the naval blockade within 30 days. During this period, the traffic of vessels will be in proportion to the numbers of prewar traffic being restored by the Islamic Republic of Iran. The United States of America further undertakes to remove its forces from the proximity of the Islamic Republic of Iran within 30 days after the final deal. Paragraph 5 Upon the signing of this MOU, the Islamic Republic of Iran will make arrangements, using its best efforts, for the safe passage of commercial vessels,…