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Tasnim News Agency of Iran reported on the 17th (Wednesday), citing an anonymous official, that some of the contents of the memorandum of understanding (MOU) released by Bloomberg were inaccurate, but did not specify the erroneous details.
Bloomberg had previously reported that there might be discrepancies in wording between the English and Persian versions of the MOU.
The following are the 14 points of the draft MOU that the United States is expected to sign with Iran, as reported by Bloomberg:
1. The Islamic Republic of Iran and the United States, together with their allies currently engaged in the ongoing conflict, hereby declare the immediate and permanent cessation of hostilities on all fronts, including Lebanon, with the signing of this Memorandum of Understanding (MOU). Furthermore, they commit to refraining from any future hostile acts against each other and to abstaining from the threat or use of force. The final agreement will confirm the provisions of this article and all other articles.
2. The Islamic Republic of Iran and the United States pledge to respect each other's sovereignty and territorial integrity, and to refrain from interfering in each other's internal affairs.
3. The Islamic Republic of Iran and the United States commit to negotiating and concluding a final agreement within a maximum of 60 days, a period that may be extended by mutual consent.
4. Immediately upon signing this MOU, the United States will lift the maritime blockade, prevent any interference or obstruction towards the Islamic Republic of Iran, and restore maritime traffic to full levels within 30 days. The volume of shipping traffic shall be proportionate to the pre-war traffic of the Islamic Republic of Iran. Additionally, the United States commits to withdrawing its military forces from the surrounding region within 30 days of the final agreement.
5. Simultaneously with the signing of this MOU, the Islamic Republic of Iran shall take immediate measures to ensure that merchant ship traffic from the Persian Gulf to the Sea of Oman, and vice versa, resumes to pre-war levels within 30 days, taking into account the removal of technical obstacles and the need for mine clearance on the Iranian side.
6. The United States commits to working with its regional partners to secure at least $300 billion in funding and to establish a comprehensive plan, agreed upon by both parties, for the reconstruction and economic development of the Islamic Republic of Iran. The implementation mechanism for this plan will be established within 60 days as part of the final agreement.
7. The United States commits to lifting all types of sanctions currently faced by the Islamic Republic of Iran, including UN Security Council and IAEA Board of Governors resolutions, as well as all unilateral US sanctions (including primary and secondary sanctions), in accordance with a schedule to be agreed upon as part of the final agreement.
8. The Islamic Republic of Iran reiterates its commitment never to produce nuclear weapons. The Islamic Republic of Iran and the United States agree that the disposition of enriched materials and all other mutually agreed-upon nuclear-related matters, including Iran's nuclear needs, will be appropriately addressed in the final agreement, which will serve to confirm the provisions of this article.
9. The Islamic Republic of Iran and the United States agree to maintain the status quo until the final agreement is concluded. Specifically, Iran will maintain its current state concerning its nuclear program, and the United States will not impose new sanctions on Iran nor augment its military presence in the region.
10. The United States commits that from the date of signing this MOU until the lifting of sanctions, the U.S. Department of the Treasury will grant exemptions for the export of Iranian crude oil, petrochemical products, and their derivatives, as well as all related services including banking, insurance, and transportation.
11. The United States commits to unfreezing and releasing the frozen or restricted funds and assets of the Islamic Republic of Iran, making them fully available, taking into account the progress of negotiations towards the final agreement. These funds, regardless of whether they are held in or transferred to primary accounts, will be used for payments to the final beneficiaries designated by the Central Bank of the Islamic Republic of Iran and will become fully accessible. The United States commits to issuing all necessary permits and licenses accordingly.
12. The Islamic Republic of Iran and the United States agree to establish an implementation body to oversee the successful implementation of the final agreement and future commitments.
13. Following the signing of this MOU, upon receipt of assurances regarding the commencement and continuous implementation of Articles 4, 5, 10, and 11 of this MOU, the Islamic Republic of Iran and the United States will commence negotiations for the conclusion of the final agreement concerning the remaining provisions.
14. The final agreement will be approved through a binding resolution of the United Nations Security Council.
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