The following are the key provisions outlined by Bloomberg:
Article 1
Iran, the United States, and their allied forces currently engaged in the conflict will declare an immediate and permanent end to hostilities on all fronts, including Lebanon, upon signing the MOU. Both sides agree to refrain from any acts of hostility and to avoid the use or threat of force. The final agreement will confirm this provision along with the others.
Article 2
Iran and the United States will respect each other's sovereignty and territorial integrity and will not interfere in each other's internal affairs.
Article 3
Iran and the United States will aim to reach a final agreement through negotiations within 60 days, which may be extended by mutual consent.
Article 4
The United States will lift maritime blockades immediately upon signing the MOU and will not interfere with Iran. Additionally, within 30 days, maritime traffic will be restored to pre-war levels, with the volume of shipping corresponding to Iran's pre-war traffic. The U.S. will withdraw its forces deployed in the region within 30 days after the final agreement is signed.
Article 5
Iran will take necessary measures, including removing technical obstacles and neutralizing mines, to ensure that commercial shipping in the Persian Gulf and the Gulf of Oman resumes to pre-war levels within 30 days of signing the MOU.
Article 6
The United States will work with regional partners to establish a comprehensive plan for Iran's reconstruction and economic development, ensuring funding of at least $300 billion. Specific implementation mechanisms will be established as part of the final agreement within 60 days.
Article 7
The United States commits to lifting all sanctions currently imposed on Iran according to the schedule set in the final agreement. This includes sanctions from UN Security Council resolutions, International Atomic Energy Agency (IAEA) board resolutions, and all unilateral U.S. sanctions, including primary and secondary sanctions.
Article 8
Iran reaffirms its commitment never to manufacture nuclear weapons. Both Iran and the United States will adequately address all nuclear-related issues agreed upon, including the handling of enriched materials and Iran's nuclear needs, in the final agreement.
Article 9
Iran and the United States will maintain the status quo until the final agreement is reached. Accordingly, Iran will keep its nuclear program at its current state, and the U.S. will not impose new sanctions or increase military presence in the region.
Article 10
From the moment the MOU is signed until sanctions are lifted, the U.S. Treasury will issue waivers for the export of Iranian crude oil, petrochemicals, and related services, including banking, insurance, and transportation.
Article 11
As negotiations progress toward a final agreement, the United States will release frozen or restricted funds and assets, allowing full access. These funds must be used for payments to beneficiaries designated by the Central Bank of Iran, and the U.S. will issue all necessary permits and licenses for this purpose.
Article 12
Iran and the United States will establish an implementation mechanism to oversee the successful execution and future compliance of the final agreement.
Article 13
Following the signing of the MOU, the implementation of Articles 4, 5, 10, and 11 will commence, and only after receiving assurances that these measures are continuously implemented will Iran and the United States enter negotiations for the remaining provisions of the final agreement.
Article 14
The final agreement will be approved through a binding resolution of the UN Security Council.
* This article has been translated by AI.
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