The United States and Iran have unveiled the full details of a wide-ranging Memorandum of Understanding designed to permanently end their months-long conflict, reopen the strategic Strait of Hormuz, and lay the foundation for a broader diplomatic agreement between the two longtime rivals.
According to the BBC, the 14-point agreement is being described by President Donald Trump’s administration as a “performance-based” deal, meaning Iran will only receive economic benefits if it fulfils its commitments, particularly on its nuclear programme.
Read also: Strait of Hormuz to reopen on Friday as US-Iran sign peace framework
Speaking at the G7 summit in Evian les Bains, France, Trump said the agreement is expected to be formally signed “shortly”, with officials indicating the ceremony could take place as early as Thursday in Geneva.
At the heart of the agreement is an immediate and permanent end to military operations between the two sides and their allies, including
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