An American official told journalists on Wednesday, "The United States of America and the Islamic Republic of Iran have agreed together in good faith on (a date yet to be determined, according to the official) to the following: Paragraph 1 - The United States of America, the Islamic Republic of Iran, and their allies in the ongoing war announce, through the signing of this memorandum of understanding, an immediate and permanent cessation of military operations on all fronts, including in Lebanon, and pledge from now on not to initiate any war or any military operation against each other, to refrain from the threat or use of force against each other, and to guarantee the territorial integrity and sovereignty of Lebanon. The final agreement will confirm the permanent cessation of war on all fronts, including in Lebanon, and the other provisions set forth in this paragraph. Paragraph 2 - The United States of America and the Islamic Republic of Iran pledge that each shall respect the other's sovereignty and territorial integrity, and shall refrain from interfering in the internal affairs of the other party. Paragraph 3 - The United States of America and the Islamic Republic of Iran commit to negotiating and reaching the final agreement within a maximum period of 60 days, renewable by mutual consent. Paragraph 4 - Upon the signing of this memorandum of understanding, the United States of America will commence the removal of its naval blockade and any disruptions or obstacles imposed on the Islamic Republic of Iran, and will completely end the naval blockade within 30 days. During this period, the volume of vessel traffic will be commensurate with the traffic numbers that existed before the war, which will be restored by the Islamic Republic of Iran. The United States of America also pledges to withdraw its forces from the vicinity of the Islamic Republic of Iran within 30 days after the final agreement. Paragraph 5 - Upon the signing of this memorandum of understanding, the Islamic Republic of Iran will make arrangements, and exert its best efforts, to ensure the safe passage of commercial vessels without fees for only 60 days, from the Persian Gulf to the Sea of Oman, and vice versa. Commercial vessel traffic will begin immediately, and taking into account the need to remove technical and military obstacles and clear mines by the Islamic Republic of Iran, this traffic will be activated within 30 days. The Islamic Republic of Iran will hold a dialogue with the Sultanate of Oman to determine the future management of maritime services in the Strait of Hormuz, in consultation with other coastal states in the Persian Gulf, in line with applicable international law and the sovereign rights of the states bordering the Strait of Hormuz. Paragraph 6 - The United States of America pledges, in cooperation with regional partners, to develop a jointly agreed final plan of no less than 300 billion US dollars for the reconstruction and economic development of the Islamic Republic of Iran. The mechanism for implementing this plan will be finalized as part of the final agreement within 60 days. The United States of America will grant all required licenses, exemptions, and permits to conduct related financial transactions. Paragraph 7 - The United States of America pledges to end all forms of sanctions imposed on the Islamic Republic of Iran, including United Nations Security Council resolutions, International Atomic Energy Agency Board of Governors resolutions, and all unilateral US sanctions, primary and secondary, in accordance with an agreed timeline as part of the final agreement. The Islamic Republic of Iran and the United States of America acknowledge the utmost importance of the issue of ending the aforementioned sanctions, and express their intention to address these issues immediately in negotiations with the aim of reaching a mutual agreement regarding them. Paragraph 8 - The Islamic Republic of Iran reaffirms that it will not seek to acquire or develop nuclear weapons. The United States of America and the Islamic Republic of Iran have agreed to settle the issue of disposing of stored enriched materials by following a mechanism to be agreed upon between the two parties in accordance with the timeline mentioned in paragraph 7, provided that the minimum mechanism is the downblending of the degree of uranium enrichment on-site under the supervision of the International Atomic Energy Agency. The two parties also agreed to discuss the issue of enrichment and other agreed-upon issues related to the nuclear needs of the Islamic Republic of Iran, based on a satisfactory framework to be agreed upon in the final agreement. The United States of America and the Islamic Republic of Iran acknowledge the utmost importance of the aforementioned nuclear issues, and express their intention to address these issues immediately in negotiations with the aim of reaching a mutual agreement regarding them. Paragraph 9 - Pending the conclusion of the final agreement, the United States of America and the Islamic Republic of Iran agree to maintain the status quo. The Islamic Republic of Iran will maintain the status quo of its nuclear program, and the United States of America will not impose any new sanctions, nor deploy additional forces in the region. Paragraph 10 - The United States of America pledges that immediately upon the signing of this memorandum of understanding, and until the termination of sanctions, the US Department of the Treasury will issue waivers for the export of Iranian crude oil, petroleum products, derivatives, and all related services, including banking transactions, insurance, transport, and so forth. Paragraph 11 - The United States of America pledges to make available the frozen or restricted funds and assets belonging to the Islamic Republic of Iran for full use immediately upon the implementation of this memorandum of understanding. The United States of America and the Islamic Republic of Iran will mutually agree on the procedures related to the release of these funds during negotiations. These funds, whether they remain in the original account or are transferred, must also become fully available for use in making payments to any ultimate beneficiary designated by the Central Bank of the Islamic Republic of Iran. The United States of America pledges to issue all necessary licenses and permits to achieve this. Paragraph 12 - The United States of America and the Islamic Republic of Iran agree to establish an implementation mechanism to monitor the successful application of this memorandum of understanding and future compliance with the final agreement. Paragraph 13 - Following the signing of this memorandum of understanding, and subject to the commencement of the implementation of paragraphs 1, 4, 5, 10, and 11 thereof, and the continued implementation of these measures, the United States of America and the Islamic Republic of Iran will begin negotiations on the final agreement exclusively regarding the other paragraphs."