A historic agreement between the US and Iran has been signed, effectively ending the conflict between the two nations, a White House official confirmed. The deal, signed by President Donald Trump at the G7 summit in France, establishes a ceasefire and outlines a framework for future relations. The agreement also commits to a $300 billion fund for Iran’s reconstruction and economic development.
The 14-point Memorandum of Understanding, described as “performance-based” by the Trump administration, ensures Iran will never develop a nuclear weapon. The deal also addresses the conflict in Lebanon, stating that any continuation of Israeli military operations in the region would be considered a “violation of the understanding”. The US and Iran have agreed to respect each other’s sovereignty and territorial integrity, and refrain from interfering in each other’s internal affairs.
US Iran Agreement Details
The agreement notes that the US and Iran will negotiate a final deal within 60 days, with the option to extend the timeline with mutual consent. The US will begin removing its naval blockade on Iranian ports, with the goal of fully ending the blockade within 30 days. The US has also committed to removing American forces from the proximity of Iran within 30 days of a final deal being signed.
Iran has agreed to allow safe passage of commercial vessels through the Strait of Hormuz, a critical waterway that has been shut since the conflict began. The deal ensures that traffic will start flowing immediately, with no charge for transit through the Strait. The US and Iran will work together to remove technical and military obstacles and conduct de-mining operations to ensure safe passage.
The agreement has significant implications for the region, particularly for Israel, which has been involved in the conflict. The deal’s impact on Iranian dissident groups is also uncertain, as the US and Iran have agreed to refrain from interfering in each other’s internal affairs.
Reactions and Implications
The reaction from Israel and other regional players will be closely watched in the coming days. The deal’s success will depend on the ability of the US and Iran to negotiate a final agreement within the 60-day timeline. The agreement’s impact on global oil prices and the regional economy will also be significant, as the reopening of the Strait of Hormuz is expected to increase oil supplies and reduce prices.
The US-Iran agreement marks a significant shift in the relationship between the two nations, and has the potential to bring stability to the region. As the deal takes effect, the international community will be watching closely to see if the agreement can hold and if the US and Iran can build on this foundation to achieve a lasting peace.
