The United States and Iran have reached a groundbreaking 14-point agreement to bring an end to the ongoing conflict in the West Asia region. The deal, set to be signed on Friday in Geneva, Switzerland, includes a 60-day negotiation period between the two nations.
Key points of the agreement include the end of hostilities in Lebanon and the region, the reopening of the Strait of Hormuz, and the lifting of the US naval blockade on Iranian ports. The blockade is expected to be removed within 30 days, allowing traffic at Iranian ports to return to pre-war levels.
The US will also withdraw its forces from surrounding areas within 30 days after the final agreement. The Strait of Hormuz will be reopened, with movement through the key strait restored to pre-war volume within 30 days, pending the removal of technical obstacles and neutralization of mines by Iran.
The agreement also includes a clause for redevelopment projects in Iran, with funds of at least $300 billion to be provided by the US and regional partners. However, US President Donald Trump has denied any payment to Iran, with US Vice President JD Vance stating that the funds will come from Gulf nations if Tehran makes its economy "investable" and behaves like a normal country.
The deal will lead to fresh negotiations on Iran's nuclear and uranium enrichment program, with a final agreement to be approved by a binding resolution of the UN Security Council. The US government has remained tight-lipped on the details of the agreement, with the final text of the MoU expected to be released after it is signed on Friday.
