The U.S. and Iran Have Signed a Memorandum of Understanding to End the War — Axios

Washington and Tehran have signed a memorandum of understanding remotely, which officially declares an end to hostilities between the U.S., Iran, and their allies, Axios reports, citing two U.S. administration officials. The agreement took effect immediately, the publication reported. Iranian Foreign Ministry spokesman Esmail Baghai confirmed to Press TV that the document had been signed by both sides, Al Jazeera reported. It had previously been planned that the signing would take place on Friday at a ceremony in Geneva.

The memorandum launches a 60-day period of negotiations on the nuclear agreement. During this time, Iran commits to keeping the Strait of Hormuz open for safe and free commercial shipping, while the U.S. commits to lifting the naval blockade and refraining from imposing new sanctions.

The text of the document has not yet been officially released. On June 17, several media outlets published versions provided by their sources. According to Axios’s version, free passage through the Strait of Hormuz will be permitted only while negotiations are ongoing, and Iran subsequently intends to work with Oman and other countries in the region to develop a new shipping arrangement. CNBC had previously reported the same wording.

The Axios version also provides more detail on clause 8, which governs negotiations on the nuclear deal. According to this provision, the parties have agreed to resolve the issue of the disposal of Iran’s stockpile of enriched uranium in accordance with a mechanism to be agreed upon within 60 days under the supervision of the IAEA.

This article was AI-translated and verified by a human editor