A detailed outline of a proposed Iran‑U.S. Memorandum of Understanding (MoU) has been circulated, describing three phases of implementation. Phase 1 calls for an immediate cease‑fire across the region, including Lebanon, and the lifting of the U.S. naval blockade of Iran. Phase 2, covering a 30‑day period after signing, includes U.S. commitments not to interfere in Iran’s internal affairs, a freeze on additional troops or sanctions, Iran’s reaffirmation of the Non‑Proliferation Treaty, and the release of half of Iran’s frozen assets—about $12 billion—plus sanctions waivers for Iranian energy exports. The United States would also begin consultations with Israel on an Israeli withdrawal from Lebanon, and Iran would reopen the Strait of Hormuz within 30 days. Phase 3 envisions a 60‑day negotiation window to finalize a comprehensive deal, during which the remaining $12 billion would be released, a $300 billion reconstruction fund would be proposed, and detailed talks on nuclear issues, full sanctions relief, and a monitoring mechanism would take place, culminating in a UN Security Council resolution.