The memorandum, according to the reported text, declares an immediate and permanent end to military operations on all fronts, including Lebanon. It also commits both sides to avoid further military action, respect sovereignty, and begin negotiations toward a final agreement within 60 days.
One of the most urgent parts of the deal concerns the Strait of Hormuz. Under the memorandum, Iran is expected to restore safe commercial passage through the strait, while the United States begins removing its naval blockade and related restrictions. The deal also provides for the gradual return of maritime traffic and technical steps, including mine-clearing, within 30 days.
The economic side of the agreement is no less dramatic. The memorandum reportedly includes a U.S.-led reconstruction and development plan for Iran worth at least $300 billion, along with a framework for sanctions relief, oil-export permissions, and access to frozen Iranian assets.
The nuclear section is the most politically explosive. Iran reaffirms that it will not produce or acquire nuclear weapons, but the agreement does not require Tehran to ship its enriched uranium out of the country. Instead, the reported framework speaks of handling the material through an agreed mechanism, with downblending inside Iran under International Atomic Energy Agency supervision.
That distinction matters. For Trump, the deal offers an immediate diplomatic victory: the war ends, Hormuz reopens, oil markets calm, and Iran enters a negotiated framework. But for Israel and other regional actors, the fact that enriched uranium remains on Iranian soil may raise serious doubts about whether the agreement actually removes the nuclear threat or merely freezes it temporarily.
Trump has presented the deal as a product of American pressure, saying Iran was weakened and ready to return to normal life. But the next 60 days will determine whether this memorandum becomes a durable agreement or another temporary pause that allows Tehran to regroup while preserving the core of its nuclear leverage.
The deal may end the war for now. It does not yet answer the deeper question: whether Iran has truly abandoned the path to a bomb, or simply bought time under international cover.
