The United States and Iran are set to meet in Switzerland on Friday to sign a memorandum of understanding between the two countries that halts hostilities in the region for 60 days, ends Iran’s nuclear ambitions, and conditionally lifts widespread sanctions on Tehran, among other points.The reported 14-point plan, as seen by Bloomberg, calls for a ceasefire “on all fronts,” specifically noting Lebanon — which has been a sticking point for Israel, as it insists on being able to defend itself from Hezbollah attacks — functioning as a 60-day ceasefire to end all fighting in the region, and is extendable with mutual consent between Washington and Tehran.Under the agreement, the U.S. will lift its naval blockade of the Strait of Hormuz, and transit is to resume to prewar levels within 30 days. The U.S. also agrees to withdraw its forces within 30 days of signing the agreement. Iran will remove any naval mines or obstructions for ships traveling to and from the Persian Gulf, also agreeing to return to prewar traffic within 30 days.
Tehran will also receive sanctions relief from Washington “on a schedule to be agreed upon” as part of a final agreement, which would include lifting all unilateral sanctions imposed by the U.S.
