The US-Iran MoU full text was read out Wednesday by a senior U.S. official, revealing a 14-point interim agreement designed to halt the war, reopen the Strait of Hormuz and begin a 60-day negotiation period toward a final deal. The document, titled the “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran,” was released publicly through the official readout after days of political pressure and competing claims about the deal’s terms.
The text confirms that the framework leaves several of the hardest questions for later talks, including the final disposition of Iran’s enriched uranium, the timing of sanctions relief and the mechanics of a proposed $300 billion reconstruction and development plan. Negotiations are due to begin in Switzerland on Friday, with both sides still able to walk away if they cannot agree on sequencing.
US-Iran MoU Full Text Sets 60-Day Window
The first provisions state that the United States, Iran and their allies in the current war would terminate military operations on all fronts, including Lebanon. The text also says both countries would respect each other’s sovereignty and territorial integrity, and would avoid interfering in each other’s internal affairs.
The memorandum gives the two governments a maximum of 60 days, extendable by mutual consent, to negotiate a final agreement. That final deal would confirm the permanent end of the war and settle the issues that the interim text leaves unresolved.
The framework is not a full peace treaty. It is an interim understanding meant to stop active fighting, restart maritime traffic and create space for a more detailed agreement. A senior U.S. official said the next talks will focus heavily on which side must act first, and in what order, before the memorandum can become a broader settlement.
Strait of Hormuz Takes Central Role
The text says the United States would begin removing its naval blockade and other impediments against Iran immediately after signing, with the blockade fully ended within 30 days. It also says U.S. forces would be removed from Iran’s proximity within 30 days after a final deal is reached.
Iran, in return, would use its best efforts to allow toll-free commercial passage between the Persian Gulf and the Sea of Oman for 60 days. The document says traffic would start immediately, while technical and military obstacles, including de-mining, would be handled within 30 days. Iran would also hold talks with Oman and other Gulf states on future administration and maritime services in the Strait of Hormuz.
The Hormuz language is one of the most economically important parts of the memorandum. Reuters separately reported that the deal is aimed at restoring a vital shipping lane that had been disrupted by the conflict and that Trump warned military action could resume if the peace process breaks down.
$300 Billion Plan and Sanctions Relief
The sixth point says the United States, with regional partners, would develop a mutually agreed plan worth at least $300 billion for Iran’s reconstruction and economic development. The mechanism would be finalized as part of the final deal within the 60-day negotiation period, and the United States would grant the required licenses, waivers and permissions for related financial transactions.
The sanctions language is also broad. The memorandum says the United States would terminate all types of sanctions against Iran on an agreed schedule as part of the final deal, including United Nations Security Council measures, International Atomic Energy Agency Board of Governors resolutions and unilateral U.S. primary and secondary sanctions.
The administration has pushed back against descriptions of the $300 billion plan as a direct U.S. payout. Vice President JD Vance said the incentives would be tied to Iran’s performance under the agreement, while Trump called claims that the U.S. was paying Iran false.
Nuclear Terms Remain Unfinished
The memorandum says Iran reaffirms that it will not procure or develop nuclear weapons. It also says both countries agreed to resolve the status of Iran’s stockpiled enriched material through a mutually agreed mechanism, with the minimum method being downblending on site under IAEA supervision.
The text does not settle the full nuclear dispute. It says the two sides will discuss enrichment and other nuclear-related matters as part of the final deal. Pending that final agreement, Iran would maintain the current status of its nuclear program, while the United States would not impose new sanctions or deploy additional forces in the region.
A senior U.S. official said Iran had agreed, at a minimum, to downblend highly enriched uranium, but the official also stressed that the sequencing of commitments remains central to the talks.
Oil Waivers and Frozen Assets
The text says the U.S. Treasury Department would issue waivers for Iranian crude oil, petroleum products and related services after the memorandum is signed and until sanctions are terminated. Those services include banking transactions, insurance and transportation.
The memorandum also says the United States would make frozen or restricted Iranian funds and assets fully available for use. The procedures for releasing those funds would be mutually agreed during negotiations, and the United States would issue necessary licenses and authorizations.
Vance has disputed some claims about frozen assets, saying a reported $24 billion figure did not appear in texts discussed with Iran. He said the larger issue was potential sanctions relief if Iran makes long-term nuclear commitments.
Monitoring and U.N. Endorsement
The final provisions call for an executive mechanism to monitor implementation of the memorandum and compliance with any final deal. They also say negotiations on the final deal would start only after implementation begins on the provisions covering the end of hostilities, the blockade, Hormuz passage, oil waivers and funds.
The 14th point says the final deal would be endorsed by a binding U.N. Security Council resolution. That provision would move the agreement beyond a bilateral political understanding if the two sides reach a final settlement.
The release of the US-Iran MoU full text clarifies the framework after several days of partial accounts and conflicting public claims. The document shows an interim agreement built around a ceasefire, maritime access, sanctions talks, nuclear limits and financial incentives, while leaving the most difficult implementation details for negotiations in Switzerland.
