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Iranian media released detailed terms of the US-Iran memorandum of understanding, including the reopening of seafood markets in the Hormuz and the release of $24 billion in frozen Iranian funds.

Odaily Odaily reports that Iran's Mehr News Agency has released the detailed terms of the 14-point memorandum of understanding between Iran and the United States: 1. A permanent and immediate cessation of the war on all fronts, including Lebanon. 2. The United States pledged not to interfere in Iran's internal affairs and to respect Iran's sovereignty. 3. Completely lift the naval blockade against Iran within 30 days. 4. The United States pledged to withdraw its troops from the area surrounding Iran. 5. Under the arrangement of Iran, the Strait of Hormuz will be reopened within 30 days. 6. Suspend sanctions on the sale of Iranian oil, petrochemical products and their derivatives, and allow Iran full access to its financial resources. 7. The United States and its allies need to provide Iran with at least $300 billion in reconstruction aid. 8. Reach a final agreement on the nuclear issue within 60 days and fully lift major and minor U.S. sanctions on Iran, as well as resolutions of the UN Security Council and the Board of Governors of the International Atomic Energy Agency. 9. Reaffirm Iran's commitment not to develop nuclear weapons under the Treaty on the Non-Proliferation of Nuclear Weapons. 10. During the negotiations, the United States pledged not to send additional troops to the region or to impose new sanctions. 11. Release $24 billion in frozen funds during the 60-day final negotiations. Half of this must be provided to Iran before the negotiations begin. 12. Establish a monitoring mechanism to ensure the implementation of the agreement. 13. The final agreement will be approved by a UN Security Council resolution. 14. Final negotiations will only begin after half of Iran's frozen funds are unfrozen, sanctions on Iranian oil are suspended, and the naval blockade is lifted. The final agreement will only cover the future of enriched uranium materials and the enrichment process, the lifting of sanctions, and Iran's economic reconstruction plan. Issues concerning Iran's missile program and support for resistance groups have been explicitly removed from the agenda. (Jinshi)
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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