A senior US administration official on Wednesday largely confirmed details of a framework agreement between the United States and Iran that is due to be formally signed on Friday in Switzerland.
The memorandum of understanding aims to bring about the "immediate and permanent termination of military operations on all fronts, including in Lebanon," the official told journalists on condition of anonymity, confirming language that had already been earlier reported by media outlets.
Under the terms of the document, neither side would carry out further military operations against the other after the agreement is signed.
The two parties also commit to "respect each other's sovereignty and territorial integrity and to refrain from interfering in each other's internal affairs."
They further agree to begin negotiations aimed at reaching a final agreement within a maximum of 60 days, although that deadline could be extended by mutual consent.
According to the text, the US naval blockade imposed on Iran would be fully lifted within 30 days of the signing of the framework agreement.
Commercial vessels would be guaranteed safe and toll-free passage through the Strait of Hormuz for 60 days. The US official said Iran was expected to work with Oman and other Gulf states bordering the waterway on a longer-term arrangement to ensure continued free passage.
If the US and Iran succeed in reaching a final agreement, Washington would reduce its military presence in the region to pre-war levels within 30 days of that accord being concluded, the official said.
The United States also commits under the framework agreement to work with regional partners on a plan worth at least $300 billion for the reconstruction and economic development of Iran.
