Washington: US President Donald Trump and Iranian President Masoud Pezeshkian have signed a memorandum of understanding remotely, setting out a framework for negotiations aimed at ending the conflict in the Middle East.
According to Emirates News Agency, the 14-point memorandum commits the United States and Iran to negotiating and achieving the final deal in a maximum of 60 days, extendable with mutual consent. The text of the memorandum was released by both governments.
The memorandum outlines that Iran will reduce uranium enrichment levels as part of the negotiations. In exchange, the United States will suspend sanctions on Iranian oil and eventually lift them if a final agreement is reached. Additionally, the United States will begin the removal of its naval blockade and any disturbances or impediments against Iran, committing to fully end the blockade within 30 days.
Further, the memorandum includes Iranian commitments not to pursue nuclear weapons and to place parts of its enriched uranium stockpile under the supervision of the International Atomic Energy Agency. The United States will collaborate with regional partners to develop a plan worth at least $300 billion for Iran's reconstruction and economic development.
