U.S. President Donald Trumptalkas to the media after disembarking Air Force One at Paris Orly Airport, Wednesday, June 17, in Orly, France. AP-Yonhap
WASHINGTON — U.S. President Donald Trump's administration on Wednesday unveiled the text of a signed memorandum of understanding (MOU) aimed at ending the Iran war, which includes safe passage through the Strait of Hormuz with no charge for 60 days.
In a press call, a senior U.S. official read out the text of the 14-point MOU in the administration's first public disclosure of the deal. President Donald Trump, Vice President JD Vance and Iran's parliamentary speaker Mohammad Bagher Ghalibaf have electronically signed it, with an official signing ceremony set for later this week.
The MOU includes the declaration of an "immediate and permanent" end to military operations "on all fronts," a commitment to negotiating a final deal in 60 days extendable with mutual consent, and Iran's reaffirmation that it will not procure or develop nuclear weapons.
It also includes the United States' commitment to work with regional partners to develop a "definitive" mutually agreed-upon plan with at least US$300 billion for the reconstruction and economic development of the war-damaged Islamic Republic.
