The White House has released the complete text of a 14‑point memorandum of understanding between the United States and Iran. The agreement calls for an immediate cease‑fire on all fronts, including Lebanon, and pledges that neither side will initiate new military actions or threaten each other’s sovereignty. It also outlines a 60‑day timeline to negotiate a final deal, the removal of the U.S. naval blockade, the release of frozen Iranian assets, and the termination of all sanctions, including UN Security Council and IAEA resolutions. Additional provisions include safe commercial shipping through the Strait of Hormuz, a $300 billion reconstruction plan for Iran, and mechanisms for nuclear material down‑blending under IAEA supervision.