Iran's President Masoud Pezeshkian published Tehran's copy of the 14-point framework deal on Thursday, after he and US President Donald Trump separately initialled its physical copies, bringing the two countries closer to the end of the war that enveloped the Middle East following its opening salvos in February.
Despite an earlier announcement that the agreement would be signed at a ceremony in Switzerland on Friday, Trump put his signature on the deal while dining with French President Emmanuel Macron at the Palace of Versailles.
In Tehran, Pezeshkian also signed the document on Wednesday, according to the state-run IRNA news agency, which posted an image of him holding up the deal with his signature next to Trump's.
The deal calls for Tehran to dilute its stockpile of highly enriched uranium and waives US-backed sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington, according to details released by both countries.
Pezeshkian published the facsimile of the document on Thursday on X, stating that it is "a historical document and a message from a powerful Iran: peace will be realised in the shadow of mutual respect."
"The Islamic Republic of Iran has always been committed and steadfast to global peace while preserving its dignity and independence, as well as to progress and regional cooperation," Pezeshkian said on X.
A separate document purporting to be the draft of the framework deal, initially published in Arabic-language media, had gained much attention on Wednesday despite not being officially confirmed by either Washington or Tehran.
The 14-point draft circulated at G7 meetings in France saw Tehran committing not to build nuclear weapons while Washington pledged $300 billion for Iran's reconstruction.
Trump appeared irritated by the leaks, telling reporters on the sidelines of the summit that "no one knows what it (the deal) is, but it will be very strong."
Here is the full text of the agreement as shared by Pezeshkian, titled "Islamabad Memorandum of Understanding Between the Islamic Republic of Iran and the United States of America":
1. The Islamic Republic of Iran and the United States of America, 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, and undertake from now on not to initiate any war or any military operation against each other, and to refrain from the threat or use of force against each other, and ensuring the territorial integrity and sovereignty of Lebanon. The final Deal will confirm the permanent termination of the war on all fronts, including in Lebanon, and other provisions of this paragraph.
2. The Islamic Republic of Iran and the United States of America undertake to respect each other's sovereignty and territorial integrity and to refrain from interfering in each other's internal affairs.
- The Islamic Republic of Iran and the United States of America commit to negotiating and achieving the final Deal, in maximum 60 days extendable with mutual consent.
- Immediately upon the signing of this MoU, the United States of America will begin the removal of its naval blockade and any disturbances or impediments against the Islamic Republic of Iran, and will fully end the naval blockade within 30 days. During this period, the traffic of vessels will be in proportion to the numbers of pre-war traffic being restored by the Islamic Republic of Iran. The United States of America further undertakes to remove its forces from the proximity of the Islamic Republic of Iran within 30 days after the final Deal.
- Upon the signing of this MoU, the Islamic Republic of Iran will make arrangements using its best efforts for the safe passage of commercial vessels, with no charge for 60 days only, from the Persian Gulf to the Sea of Oman, and vice versa. The traffic of commercial vessels will immediately start, and considering the need for removing the technical and military obstacles, and de-mining by the Islamic Republic of Iran, will be instated within 30 days. The Islamic Republic of Iran will conduct dialogue with the Sultanate of Oman, to define the future administration and maritime services in the Strait of Hormuz, in discussions with other Persian Gulf Littoral States, in line with applicable international law and the sovereign rights of coastal states of the Strait of Hormuz.
- The United States of America undertakes, with regional partners, to develop a definitive mutually agreed plan with at least USD 300 billion, for the reconstruction and economic development of the Islamic Republic of Iran. The mechanism for the implementation of this plan will be finalised as part of final Deal within 60 days. All required licenses, waivers and permissions needed for the relevant financial transactions will be granted by the United States of America.
- The United States of America undertakes to terminate all types of sanctions against the Islamic Republic of Iran, including the United Nations Security Council resolutions, IAEA Board of Governors resolutions and all unilateral U.S. sanctions, primary and secondary, in an agreed-upon schedule as part of the final Deal. The Islamic Republic of Iran and the United States of America acknowledge the critical importance of the sanctions termination issue above mentioned and express their intentions to immediately address these issues in the negotiations in order to achieve mutual agreement on them.
- The Islamic Republic of Iran reaffirms that it shall not procure or develop nuclear weapons. The Islamic Republic of Iran and the United States of America have agreed to resolve the disposition of stockpiled enriched material pursuant to a mechanism that will be mutually agreed upon, in accordance with the schedule mentioned in paragraph 7, with the minimum methodology to be down-blending on-site, under the supervision of the IAEA. The two Parties also agree to discuss the issue of enrichment, and 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. The final Deal will confirm the provisions of this paragraph. The Islamic Republic of Iran and the United States of America acknowledge the critical importance of the nuclear issues above mentioned and express their intentions to immediately address these issues in the negotiations in order to achieve mutual agreement on them.
- Pending the final Deal, the Islamic Republic of Iran and the United States of America agree to maintain the status quo; the Islamic Republic of Iran will maintain the current status quo of its nuclear program, and the United States of America will not impose any new sanctions, and will not deploy additional forces in the region.
- The United States of America undertakes that immediately upon the signing of this MoU, and until the termination of sanctions, the U.S. Department of Treasury will issue waivers for the export of Iranian crude oil, petroleum products and derivatives, and all associated services including banking transactions, insurances, transportation, etc.
- The United States of America undertakes to make fully available for use, the frozen or restricted funds and assets of the Islamic Republic of Iran upon the implementation of this MoU. The United States of America and the Islamic Republic of Iran will mutually agree on the procedures related to the release of these funds during the negotiations. Such funds, whether retained in the original account or transferred, shall be made fully usable for payment to any ultimate beneficiary designated by the Central Bank of the Islamic Republic of Iran. The United States of America undertakes to issue all necessary licenses and authorisations accordingly.
- The Islamic Republic of Iran and the United States of America agree that an executive mechanism will be established to monitor the successful implementation of this MoU and the future compliance of the final Deal.
- Following the signing of this Memorandum of Understanding, and upon receipt of assurances regarding the commencement of implementation of Articles 4, 5, 10, and 11 of this Memorandum of Understanding, and the continued implementation of these steps, the Islamic Republic of Iran and the United States will enter into negotiations for a Final Agreement solely with respect to the remaining Articles.
- The final agreement will be approved through a binding resolution of the UN Security Council.
