US-Iran Interim Deal: Naval Blockade Lifted, $300B Reconstruction Plan

Iran has published the full text of an interim agreement with the United States, outlining a series of commitments aimed at de-escalation and economic normalization.

Key provisions include:

• Both sides agree not to interfere in each other's internal affairs and commit to reaching a final agreement within 60 days, with possible extensions.
• Iran reaffirms it will not produce or acquire nuclear weapons. Stockpiled enriched material will be addressed under IAEA supervision.
• The US pledges no new sanctions and no additional military deployments in the region during talks. It commits to ending all sanctions under an agreed timetable in a final deal.
• The US will begin lifting its naval blockade of Iran immediately, with full removal targeted within 30 days. Commercial shipping through the Strait of Hormuz will resume immediately and return to pre-war levels.
• Iran will work with Oman on future administration and maritime services in the Strait, ensuring safe passage and fee-free transit for 60 days.
• The US will issue waivers for Iranian oil exports, petrochemicals, and related services immediately after signing, and grant Iran access to frozen funds under the memorandum.
• A mechanism for releasing frozen assets will be agreed during negotiations.
• The US and regional partners will develop an economic reconstruction program for Iran worth at least $300 billion, to be finalized as part of a final agreement.