Iran and the United States have signed a memorandum of understanding aimed at ending ongoing conflicts in the Middle East. The agreement includes commitments to halt military operations, lift sanctions, reopen navigation through the Strait of Hormuz, and initiate economic reconstruction. Both Washington and Tehran have released the full text of the memorandum, which was signed electronically by U.S. President Donald Trump and Iranian President Masoud Pezeshkian, with Pakistan’s Prime Minister Shehbaz Sharif mediating.

The memorandum outlines that all military actions, including those involving allies such as Lebanon, will cease immediately and permanently. The United States will begin lifting the naval blockade imposed on Iranian ports and withdraw its forces near Iran within 30 days after a final agreement. Iran will ensure safe commercial shipping through the Strait of Hormuz, while the U.S. and its regional partners will prepare a $300 billion plan for Iran’s reconstruction and economic development. Tehran reaffirmed it will not pursue nuclear weapons, and uranium management will proceed under IAEA supervision.

A final agreement is expected within 60 days, subject to extension by mutual consent, and will be endorsed by a binding United Nations Security Council resolution.