Saudi-owned Al Arabiya English said it had obtained a copy of a US-Iran memorandum of understanding that outlines a broad framework to end the conflict, ease sanctions on Tehran and support Iran's economic recovery through a package worth at least $300 billion.
According to the reported document, Washington and Tehran, along with their allies involved in the conflict, would declare "an immediate and permanent end to the war on all fronts, including Lebanon," while committing not to undertake or threaten hostile actions against one another.
The memorandum reportedly calls for both sides to respect each other's sovereignty and territorial integrity and refrain from interference in domestic affairs.
A final agreement would need to be negotiated within 60 days of signing the MoU, with the deadline extendable by mutual consent.
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Among the most significant provisions is a US commitment to work with regional partners on a comprehensive rehabilitation and economic development plan for Iran, backed by financing of at least $300 billion. The mechanism for implementing the plan would be finalised within 60 days as part of negotiations toward a permanent agreement.
The document also reportedly outlines a phased rollback of sanctions. The US would commit to ending all sanctions on an agreed timetable, including UN Security Council and International Atomic Energy Agency-related measures, as well as primary and secondary US sanctions. Pending a final deal, the US Treasury Department would issue waivers allowing exports of Iranian crude oil, petrochemical products and related services, including banking, insurance and transportation.
In addition, frozen or restricted Iranian assets would gradually be released and made fully available as negotiations progress, according to the reported text.
On the security front, the US would lift the naval blockade and restore maritime traffic within 30 days of signing the MoU, while Iran would take steps to resume merchant shipping through the Arabian Gulf and Sea of Oman to pre-war levels, including clearing mines and removing technical obstacles.
The US would also withdraw forces deployed in surrounding areas within 30 days of a final agreement, the report said.
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The memorandum places significant emphasis on Iran's nuclear programme. According to the leaked text, Tehran reiterates that it will never produce nuclear weapons, while both sides agree that the future of Iran's enriched nuclear material and other nuclear-related issues will be resolved under a final agreement.
Until a permanent accord is reached, Iran would maintain the status quo on its nuclear programme, while the US would refrain from imposing new sanctions or increasing its military presence in the region.
The reported document further states that a future agreement would be overseen by a dedicated implementation mechanism and ultimately be endorsed through a binding resolution of the UN Security Council.
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