US and Iran Sign 14-Point Islamabad Peace MoU: Full Clauses and Implications

US officials announced the full text of the 'Islamabad Memorandum of Understanding between the United States and the Islamic Republic of Iran' on the 17th. This landmark 14-point agreement establishes a framework to formally end the war that began on February 28, 2026. Key provisions include the permanent cessation of military operations on all fronts, including Lebanon, and the immediate lifting of the US maritime blockade on Iran. In exchange, Iran has committed to ensuring the safe passage of commercial vessels through the Strait of Hormuz for 60 days, while suggesting future maritime fees. Economically, the US will release over $24 billion in frozen Iranian assets and issue waivers for Iranian crude oil exports. A $300 billion reconstruction fund for Iran's development is also planned, likely funded by regional partners. Regarding nuclear issues, Iran agreed to dilute its enriched uranium under IAEA supervision on-site but retained its peaceful nuclear rights. This preliminary deal serves as the foundation for 60 days of negotiations starting in Switzerland on the 19th, aiming for a final comprehensive agreement by year-end.