Iran and U.S. Agree to 60-Day Negotiation Framework, IRNA Reports

Iran's state news agency IRNA has released details of a memorandum establishing a broad ceasefire framework and diplomatic pathway between Tehran and Washington, setting a 60-day timeline for reaching a final accord that encompasses issues spanning Lebanon, the Strait of Hormuz, economic sanctions, and Iranian financial assets.

According to the memorandum's terms, Iran, the United States, and their respective coalition partners have committed to an immediate and indefinite cessation of all military operations across all theaters, explicitly including Lebanon. Both sides pledge to abstain from initiating warfare or conducting military campaigns against one another going forward.

The parties have further undertaken to avoid any threats or resort to force, while committing to uphold Lebanon's territorial integrity and sovereign authority.

Central to the framework is a binding commitment to complete final negotiations within 60 days, though provisions exist for extending this timeframe if necessary.

On maritime matters, the memorandum stipulates that the United States will commence lifting its naval embargo on Iran immediately upon signing, with full removal targeted within 30 days. Iran, in turn, agrees to implement protocols ensuring unobstructed passage of commercial vessels transiting between the Persian Gulf and the Gulf of Oman, with shipping fees waived for an initial 60-day period.

The agreement also mandates that Iran engage with Oman's government to establish arrangements for future administration and maritime operations within the Strait of Hormuz.

Regarding sanctions, Washington commits to progressively eliminating all economic penalties imposed on Iran according to a schedule to be finalized as part of the final agreement. The memorandum additionally provides for Iran's access to its frozen financial assets during the implementation phase.

On nuclear matters, both nations agree to address the question of enriched uranium stockpiles through a mutually agreed mechanism.

The memorandum underscores that the final agreement will require formal endorsement through a binding resolution from the United Nations Security Council.