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 sets a 60‑day timeline to negotiate a final deal, outlines the removal of the U.S. naval blockade and forces near Iran, and details steps for reopening commercial shipping through the Strait of Hormuz. The MoU also includes provisions for a $300 billion reconstruction plan, the termination of all sanctions, nuclear non‑proliferation commitments, and the release of frozen Iranian assets, with a monitoring mechanism and a final UN Security Council endorsement.