A senior US official has revealed the full text of a preliminary memorandum of understanding aimed at de-escalating tensions between the United States and Iran. This comprehensive 14-point framework seeks to permanently end military hostilities across all fronts, including Lebanon, while establishing a roadmap for future stability. The agreement mandates a mutual respect for territorial sovereignty and sets a strict 60-day window to finalize a permanent deal, during which both nations have committed to maintaining the current status quo regarding military deployments and nuclear activity.

Central to the proposal is the phased restoration of economic and maritime stability. The US has pledged to lift its naval blockade, remove secondary sanctions, and release frozen Iranian assets, while Iran has committed to facilitating safe commercial passage through the Strait of Hormuz and reaffirming its pledge not to pursue nuclear weapons. Additionally, the plan includes a significant $300 billion economic reconstruction package for Iran and envisions a binding UN Security Council resolution to codify the final settlement, ensuring long-term compliance and oversight through an established executive monitoring mechanism.