The official text of the MoU:

According to the confirmed agreement, the United States and the Islamic Republic of Iran agree on the following:

Immediate and permanent ceasefire in all theaters, including Lebanon, with commitment to no further military action or threats.

Mutual respect for sovereignty and non-interference in internal affairs.

Negotiation of a final agreement within 60 days (extendable by mutual consent).

Gradual lifting of the U.S. naval blockade within 30 days and withdrawal of forces from Iran’s vicinity after the final agreement.

Restoration and protection of commercial shipping routes in the Persian Gulf–Gulf of Oman area, with clearance of obstacles and mines.

Iran to consult Oman and regional states on future governance and maritime arrangements in the Strait of Hormuz.

A joint economic reconstruction plan for Iran (at least $300B) to be developed.

Full removal of all sanctions (UN, IAEA-related, U.S. primary and secondary) under an agreed timeline.

Iran reaffirms it will not develop nuclear weapons; enriched material and enrichment issues to be handled under IAEA supervision.

Status quo maintained until final agreement: no new sanctions or military escalation.

U.S. to issue licenses allowing Iranian oil exports and related financial services.

Unfreezing and full access to Iranian assets, under jointly agreed procedures.

Creation of a mechanism to monitor implementation.

Final agreement to be negotiated within the framework of the ceasefire steps and later approved by the UN Security Council.