The US. Iran have come to terms on a preliminary agreement for an immediate and permanent halt to military operations on all fronts, including in Lebanon. The deal commits both sides. their allies to cease hostilities and refrain from the threat or use of force against each other — though Israel retains the right to strike back if Hezbollah attacks.
Israel has not been shown the final text of the MOU. according to prime minister Benjamin Netanyahu, though senior US officials said he had been briefed consistently on its substance.
Iran will not receive broad sanctions relief simply by signing. Senior officials were emphatic on a press call that sanctions removal is directly tied to nuclear performance. Iran has committed to destroying its enriched uranium stockpile at minimum through downblending under IAEA supervision — a concession officials called “a major. major win.”
The strait of Hormuz is set to reopen for toll-free commercial passage within 30 days. Iran had already stopped firing on vessels in the strait the day before the signing call — the first such pause in 100 days of conflict. One immediate upside for Tehran does kick in upon signing: a US Treasury waiver on Iranian crude oil exports.
Both sides have 60 days to reach a final deal to be endorsed by a binding UN Security Council resolution. Senior US officials said the administration would know within “days or weeks, not months” if Iran was stalling —. was prepared to tighten economic pressure significantly if talks broke down.
Trump did negate that characterization later. telling reporters “I don’t view it as hard… Just as long as they are behaving, I really don’t care that much.”
For a fuller accounting of the MOU, what’s in it,. what’s not, read my piece on key takeaways from the US-Iran deal.
Veteran US Republican senator Bill Cassidy has slammed the memorandum of understanding the Trump administration has reached with Iran – two days before both parties are set to sign it – as “the worst foreign policy blunder in decades”.
The Louisiana senator, who lost his primary last month to a Trump-backed challenger, wrote on X:
[Former president Ronald] Reagan is rolling over in his grave. Iran’s nuclear ambitions were not curbed,. they have learned that threatening the Strait of Hormuz works and will undoubtedly leverage it in the future. Now, Iran gets to build brand-new infrastructure under this deal.
Before the war, the strait was open, Iran was being crushed by sanctions, and 13 service members were still alive. Now, 13 Americans are dead, families have paid billions at the pump, sanctions will be lifted,. the bombing has stopped. This is the worst foreign policy blunder in decades.
Before the text was released. Cassidy had already been commenting on what was being reported, while cautioning that he hadn’t seen the details.
He told a phone press conference of Louisiana reporters on Tuesday: “This is a bad deal. if the details remain the same. The deal, as I’ve heard it, makes your allies weaker and Iran stronger.”
And this morning. he told a reporter with Nexstar: “The details I’ve seen so far look awful … this will go down as a tremendous foreign policy blunder”.
Before getting on the plane, Trump told reporters that the 60-day deadline written in the US-Iran MOU “could take longer”
“I don’t view it as hard,” Trump said. “Just as long as they are behaving, I really don’t care that much.”
Iran’s foreign ministry has confirmed it is weighing a proposal for both countries’ presidents to sign the MOU in Geneva. a significant symbolic step up from the arrangement that had previously been on the table.
“Regarding the signing of the memorandum of understanding. one idea is that it be done by the presidents of the two countries, which is currently under review,” ministry spokesperson Esmaeil Baqaei said.
Until now, the plan had been for JD Vance. the Iranian parliament speaker, Mohammad Bagher Ghalibaf, to represent their respective countries at the ceremony.
A head-of-state signing would carry considerably more political weight,. for Tehran, would amount to a public acknowledgment from Washington of Iran’s standing as a negotiating equal.
Finally, the MOU gives both sides 60 days to negotiate a comprehensive final agreement, extendable by mutual consent. A binding UN security council resolution would be required to endorse any final deal.
“The United States of America. the Islamic Republic of Iran commit to negotiating and achieving the final deal in maximum 60 days extendable with mutual consent.”
But the fragility shouldn’t be understated: one senior US official explained that “either side can walk away at any time”.
The official added that the Trump administration would know within “days or weeks. not months” if Iran was stringing it along.
And if talks collapse, they indicated the US was prepared to tighten the economic pressure significantly.
According to the officials on the call. the text makes clear that access to Iran’s frozen funds is contingent on the regime actually implementing the agreement’s terms.
“Such funds … shall be made fully usable for payment to any ultimate beneficiary designated by the Central Bank of the Islamic Republic of Iran … upon the implementation of the MOU.”
Officials on the call said Iran had pushed hard for the opposite: immediate access to its frozen assets the moment the MOU was signed.
Israeli prime minister Benjamin Netanyahu publicly stated he had not been given a copy of the MOU.
Senior US officials on the call did not dispute that Netanyahu may not have received the final text,. pushed back on the suggestion Israel had been kept in the dark.
“He has not asked us for a copy of it… but we’ve been briefing him. his team very frequently on what’s happening.”
One senior official said Netanyahu had told the US team privately that if Iran delivers on its commitments, “he thinks that it would be a historic deal”, though both the US. Israel remain skeptical.
Senior officials said for the first time in the hundred days of war. Iran fired on no vessels in the strait of Hormuz the day before the call.
“Yesterday. which I believe for the first time in the 100 days of this conflict, Iran did not fire at any vessels in the Strait of Hormuz.”
Under the MOU. Iran is required to ensure toll-free passage for commercial vessels for at least 60 days, with full restoration of traffic within 30 days. Senior officials said the Gulf states would never agree to any longer-term arrangement that charges for access.
The formal signing ceremony is set for Friday.
More commentary on the reasoning from senior officials on the oil relief:
“The President of the United States. the entire team agreed that it’s absurd to sanction Iranian oil in such a way that they are still allowed to sell that oil, we just give China a big fat discount, we stopped that process, and of course it’s part of the broader agreement.”
More on sanctions: the MOU is structured so that Iran receives almost nothing upfront…with one exception. The US Treasury will issue waivers for Iranian crude oil exports, petroleum products,. associated banking services the moment the document is signed.
“Immediately upon the signing of the MOU… US Department of Treasury will issue waivers for the export of Iranian crude oil, petroleum products. derivatives, and all associated services, including banking transactions and services, transportations, etc..”
Officials defended the move, arguing that Iranian oil was already flowing to China regardless —. that existing sanctions were simply giving Beijing a steep discount.
Relieving the waiver, they said, removes that subsidy and gives the US better visibility into where Iranian oil is going.
Much of the coverage of the deal has treated sanctions relief and the nuclear question as separate tracks. Officials on the call said the two paragraphs use identical language and are deliberately intertwined.
“The United States of America undertakes to terminate all types of sanctions against the Islamic Republic of Iran… in an agreed upon schedule as part of the final deal.”
“The sanctions relief in seven is tied to the nuclear settlement in eight,” a senior official said. referring to the paragraph numbers in the agreement. “To the extent that you perform on the nuclear questions, you will get the sanctions relief.”
So: Iran will not receive broad sanctions removal simply by signing the MOU.
The MOU says that at minimum. Iran conceded, its enriched uranium stockpile “will be destroyed” through “down-blending”(or diluting the uranium) on Iranian soil, under IAEA supervision.
“The two parties also agreed to discuss the issue of enrichment. other mutually agreed matters related to the Islamic Republic of Iran’s nuclear needs, based on a satisfactory framework being agreed upon in the final deal.”
Officials were emphatic that down-blending is a starting point, not the endpoint. “That’s the floor,” one said, “and we will push for more than that.”
Donald Trump earlier cast some doubt on whether the signing would happen as planned. Asked how confident he was that the ceremony would take place, Trump remarked on the unpredictability of deals.
“You never know with deals, do you? But you’re going to find out pretty soon,” he said.
To start, both the US. Iran, along with their allies, agree to declare an end to military operations on all fronts the moment the document is signed.
Senior officials on the call read out the line: “The United States of America. the Islamic Republic of Iran and their allies in the current war by signing this MOU declare the immediate and permanent termination of military operations on all fronts, including in Lebanon.”
The inclusion of Lebanon is significant, and it effectively requires Iran to rein in Hezbollah. Israel, officials added, retains the right to strike back if Hezbollah attacks regardless.
The officials spoke on Wednesday on condition of anonymity to read the the draft. which Iran has not released, ahead of formal signing ceremony set for Friday.
While Trump was delivering his press conference. senior US officials read the memorandum of understanding on Iran to journalists on a press call. The Guardian was on the line,. will be breaking down some of the key moments and lines from the text.
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