A ceasefire memorandum — one that officials are optimistic could become permanent — is set to be signed on June 19 in Geneva, Switzerland, between the United States and Iran. The 10 key terms of this memorandum — including a clause explicitly stating that Iran will not acquire nuclear weapons — were brought to light by Israel’s Channel 12, even as Israeli officials complained they had not received the actual text of the agreement. Beyond an immediate ceasefire, the deal also calls for the reopening of the Strait of Hormuz, while the US and Iran are set to enter negotiations over Tehran’s nuclear program. According to the same report, however, the memorandum does not clarify what will happen to Iran’s stockpiles of enriched uranium — assets over which Benjamin Netanyahu has previously suggested launching a ground offensive to seize. Once the memorandum is signed, the US and Iran are expected to begin structured, frequent negotiations lasting 60 days, with the goal of reaching a comprehensive and final agreement that addresses both the nuclear issue and the broader framework of bilateral relations.
Read more: Iran: Netanyahu is the biggest loser as his war gamble fails
US-Iran agreement: The 10 key clauses
According to the report, the memorandum includes the following commitments:
1. A full cessation of all hostilities between Iran, the United States, and their respective allies, including ongoing conflicts in Lebanon.
2. A reaffirmation by Tehran that it will neither develop nor acquire nuclear weapons.
3. A commitment by both sides to resolve the issue of managing Iran’s enriched uranium stockpiles.
4. The launch of talks on the future of uranium enrichment and Iran’s broader energy and nuclear needs.
5. A freeze on the current status of Iran’s nuclear program throughout the duration of negotiations.
6. A US commitment to impose no new sanctions, lift the naval blockade, and refrain from increasing its military presence in the region during the talks.
7. An Iranian obligation to guarantee free and safe navigation through the Strait of Hormuz for 60 days, without imposing tolls or any other restrictions.
8. A commitment by Washington to make Iran’s frozen assets available for use upon the memorandum coming into effect.
9. A provision that, should a final agreement be reached, the US will withdraw its forces from the region within 30 days and proceed with the full lifting of sanctions against Iran.
10. The inclusion in any final agreement of a plan to establish a $300 billion fund to finance Iran’s reconstruction and economic recovery.
If confirmed, these details paint a picture of the sweeping mutual commitments both sides have been discussing in recent weeks, and outline the framework of a potential broader agreement that could stabilize the situation across the Middle East.