Fresh information has surfaced regarding the Iran-US peace agreement, which has been kept largely confidential. Reports reveal that the 12-point plan lacks any firm commitments from Iran regarding its long-term nuclear activities.
The United States and Iran officially sealed the deal on Monday to put an end to the nearly four-month-long conflict. The memorandum of understanding (MOU) was signed by US President Donald Trump, Vice President JD Vance, and Iranian parliamentary speaker Mohammad Bagher Ghalibaf.
Details about the agreement between the two adversarial nations have been scarce until now, but Israel’s Channel 12 has shed some light on the matter. The accord extends the current ceasefire to ongoing incursions in Lebanon, grants Iran control over the vital waterway, the Strait of Hormuz, temporarily eases Iranian oil sanctions, and lays the groundwork for a more comprehensive peace deal.
A key aspect of the 12-point plan is the absence of a concrete commitment from Iran regarding its nuclear program, except for a pledge not to develop or acquire nuclear weapons. The plan also indicates Iran’s willingness to further discuss its atomic program following the official signing ceremony in Switzerland.
Additionally, it is expected that the Strait of Hormuz will reopen to naval traffic on the same day. A 60-day negotiation period will commence after this, as confirmed by Iran’s Foreign Minister Seyed Abbas Araghchi.
The MOU comprises 12 points, as revealed by Axios journalist Barak Ravid, who also reports for Israel’s Channel 12. One contentious issue is the agreement to provide war reparations amounting to hundreds of billions. President Trump has dismissed claims of a USD$300 billion reconstruction fund for Iran as “fake news.”
Despite Trump’s denial, reports from various sources suggest otherwise. Vice President JD Vance hinted at the possibility of funding for Iran’s reconstruction during an interview with CBS News. The deal also involves financial aid and the release of assets previously frozen due to US sanctions.
According to earlier reports, discussions in the next phase will focus on lifting American sanctions, including those on Iran’s oil sales and international banking transactions, in exchange for concessions on the nuclear program.
Iranian Foreign Minister Araghchi outlined a two-phase process to resolve the conflict, starting with the MOU signing and followed by negotiations for a permanent peace agreement. The nuclear issue is reserved for the second round of talks.
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