Iran and the US are scheduled to sign a memorandum of understanding (MoU) on June 19 as both sides have reached a peace agreement to end the months-long conflict in the region.
Earlier in the day, Prime Minister Shehbaz Sharif announced that the and Iran have reached a peace deal as both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.
The premier said the official signing ceremony will be on Friday, 19 June in Switzerland.
“We would like to thank the United States of America and the Islamic Republic of Iran for their commitment to finding a diplomatic solution to the conflict. We would also like to extend our sincere appreciation to our brothers in this mediation effort, the great leadership of State of Qatar, for their support in reaching this agreement. I would also especially thank the visionary leadership of Kingdom of Saudi Arabia and Republic of Türkiye for their immense contributions in this regard,” he wrote.
Details of 14-Point Iran-US Peace Dfeal
A reported 14-point draft understanding between Iran and the United States has outlined a series of political, economic and security measures aimed at advancing negotiations between the two countries, according to Iranian media.
Under the reported framework, a US naval blockade would be lifted within 30 days.
The draft also calls for the suspension of restrictions on Iran’s oil and petrochemical exports, a move that could ease pressure on key sectors of the Iranian economy.
The proposed document further includes provisions for an immediate and lasting ceasefire across multiple fronts, including Lebanon.
According to the reported details, the arrangement is intended to support broader regional de-escalation efforts.
The draft reportedly states that the United States and its allies would provide at least $300 billion to assist with Iran’s reconstruction.
It also indicates that issues related to Iran’s missile program and its support for resistance groups would not be included in the final agreement.
Financial measures form another major component of the reported framework.
During the negotiation period, Iran would gain access to $24 billion in previously frozen assets.
In addition, the United States would release $12 billion in frozen Iranian funds before formal negotiations begin.
The draft also proposes that any final agreement between Iran and the United States be endorsed through a resolution of the United Nations Security Council, providing an international framework for its implementation.
