Read the full text of Trump's preliminary U.S.-Iran agreement to end the war
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- Trump and Iran's Masoud Pezeshkian signed the Islamabad Memorandum of Understanding, mediated by Pakistan's prime minister, declaring immediate and permanent termination of military operations on all fronts including Lebanon.
- The U.S. committed to begin removing its naval blockade of Iran immediately and complete removal within 30 days, while withdrawing forces from Iran's proximity within 30 days after the final deal.
- Iran agreed to guarantee free safe passage of commercial vessels through the Strait of Hormuz for 60 days and to engage Oman and other Gulf states on the strait's future administration.
- The U.S. pledged at least $300 billion with regional partners for Iran's reconstruction and economic development, with implementation mechanisms to be finalized as part of the final deal.
- The U.S. committed to terminate all sanctions against Iran — including UN Security Council and IAEA resolutions plus unilateral primary and secondary sanctions — while Iran reaffirmed it will not seek nuclear weapons and accepted IAEA-supervised on-site down-blending of stockpiled enriched material.
- The U.S. Treasury will immediately issue waivers for Iranian crude oil exports and associated banking services, and will release frozen Iranian funds upon MoU implementation.
- The final deal will be endorsed by a binding UN Security Council resolution, with an executive mechanism established to monitor compliance with both the MoU and the final deal.
Why it matters: The MoU commits the U.S. to at least $300 billion in Iranian reconstruction aid and full sanctions termination — including UN Security Council resolutions — while Iran forswears nuclear weapons and accepts IAEA-supervised down-blending of enriched material. Pakistan's role as sole mediator elevates its diplomatic standing, and the deal's explicit coverage of Lebanon makes this a regional rather than purely bilateral settlement.
