Iran and the United States will end fighting on all fronts and lift naval blockades in the Gulf region, according to details of a memorandum of understanding (MoU) published by Iran’s state news agency IRNA. The MoU is set to be signed on Friday, and IRNA’s account follows the release of the MoU text by a U.S. official.
The reported terms include U.S. commitments to grant Iran access to frozen funds and to end the blockade on Iranian ships and ports. In return, the reports say Iran will facilitate the return of marine traffic in the Gulf and Gulf of Oman to prewar levels. The MoU also reportedly includes commitments by Iran not to produce or acquire nuclear weapons.
Across the reports, the central points are the end of hostilities and maritime restrictions in the Gulf area, alongside reciprocal steps involving maritime access, funds access, and nuclear-related commitments as described in the MoU text.
