President Donald Trump and his Iranian counterpart, Masoud Pezeshkian, have officially signed the peace deal to extend the ceasefire between the two nations.
Deal’s 14 Core Points
1. “The immediate and permanent termination of military operations on all fronts, including in Lebanon”
2. US and Iran to “respect each other’s sovereignty and territorial integrity and to refrain from interfering in each other’s internal affairs”
3. They “commit to negotiating and achieving the final deal in maximum 60 days, extendable with mutual consent”
4. Immediately, the US “will begin the removal of its naval blockade… and will fully end the naval blockade within 30 days”
5. In the Strait of Hormuz, Iran “will make arrangements using its best efforts for the safe passage of commercial vessels with no charge, for 60 days”
6. The US undertakes “with regional partners to develop a definitive, mutually agreed plan with at least USD $300 billion for the reconstruction and economic development of” Iran
7. US to “terminate all types of sanctions against” Iran
8. Iran “reaffirms that it shall not procure or develop nuclear weapons”, but other parts of the programme are still to be negotiated. The two parties “agreed to discuss the issue of enrichment and other mutually agreed matters related to the Islamic Republic of Iran’s nuclear needs”
9. Pending the final deal, the US and Iran “agree to maintain the status quo”
10. Upon signing, and until the termination of sanctions, US Treasury will “issue waivers for the export of Iranian crude oil, petroleum products, and derivatives, and all associated services”
11. US undertakes “to make fully available for use the frozen or restricted funds and assets” of Iran
12. “An executive mechanism will be established to monitor the successful implementation” of this memorandum
13. After signing – subject to implementation of points 1, 4, 5, 10 and 11 – the US and Iran “will start negotiations regarding the final deal exclusively on the other paragraphs”
14. “The final deal will be endorsed by a binding UNSC (United Nations Security Council) resolution”
