The Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran, was signed on June 12 between the United States and Iran aimed at ending the war. It was primarily brokered by Pakistan, with Qatar, Saudi Arabia, Turkey and Egypt also facilitating negotiations.
Key points:
- Extension of the ceasefire and commitment to end hostilities.
- A pledge to negotiate a comprehensive final agreement within 60 days.
- Iran’s reaffirmation that it will not develop nuclear weapons.
- US commitments to provide sanctions waivers, including allowing Iranian oil exports.
- US agrees to at least USD 300 billion for the reconstruction of Iran.
- Reopening of commercial traffic through the Strait of Hormuz.
- A commitment by both sides to maintain the status quo while negotiations continue.
