US and Iran sign initial peace agreement to end war, negotiations continue for final settlement
via Egypt Today2 min read
The presidents of the United States and Iran have signed an initial peace agreement to immediately end military operations between the two countries, including in Lebanon. This memorandum outlines a framework for addressing Iran's nuclear program, reopening shipping through the Strait of Hormuz, and lifting sanctions on Tehran. Key provisions include the immediate and permanent termination of military operations, mutual respect for sovereignty, and a commitment to negotiate a final deal within 60 days. The US will begin removing its naval blockade on Iran immediately and fully end it within 30 days, while Iran will ensure safe passage for commercial vessels through the Strait of Hormuz for 60 days. The US also committed to developing a reconstruction plan for Iran worth at least $300 billion and terminating all types of sanctions. Iran reaffirmed it will not procure or develop nuclear weapons, and both sides agreed to discuss enrichment. Pending a final agreement, Iran will maintain the current status quo of its nuclear program, and the US will not impose new sanctions or deploy additional forces. The US will issue waivers for Iranian crude oil exports and make Iran's frozen funds available. An executive mechanism will monitor the implementation of the memorandum and any future final agreement, which will be endorsed by a binding UN Security Council resolution.
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This summary was AI-generated from a story originally published by Egypt Today.
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