U.S. releases Iran MOU text, including 60 days of no-charge Hormuz transit

WASHINGTON, June 17 (Yonhap) -- U.S. President Donald Trump's administration on Wednesday unveiled the text of a signed memorandum of understanding (MOU) aimed at ending the Iran war, which includes safe passage through the Strait of Hormuz with no charge for 60 days.

In a press call, a senior U.S. official read out the text of the 14-point MOU in the administration's first public disclosure of the deal. President Donald Trump, Vice President JD Vance and Iran's parliamentary speaker Mohammad Bagher Ghalibaf have electronically signed it, with an official signing ceremony set for later this week.

The MOU includes the declaration of an "immediate and permanent" end to military operations "on all fronts," a commitment to negotiating a final deal in 60 days extendable with mutual consent, and Iran's reaffirmation that it will not procure or develop nuclear weapons.

It also includes the United States' commitment to work with regional partners to develop a "definitive" mutually agreed-upon plan with at least US$300 billion for the reconstruction and economic development of the war-damaged Islamic Republic.

The framework deal followed grueling negotiations between Washington and Tehran to end their war that began with the U.S.-Israeli attack on Iran on Feb. 28. The Trump administration sought an exit from the unpopular conflict that pushed up oil prices and stoked fears of higher inflation ahead of the U.S. midterm elections set for November.

U.S. President Donald Trump addresses the media during a closing press conference at the G7 summit in Evian, France, on June 17, 2026, in this photo released by AFP. (Yonhap)

"The United States of America and the Islamic Republic of Iran and their allies in the current war are signing this MOU to declare the immediate and permanent termination of military operations on all fronts, including in Lebanon," Paragraph 1 of the MOU reads.

The two sides will also commit not to initiate any war or military operation against each other and refrain from the threat and use of force against each other.

Paragraph 2 concerns their pledge to respect each other's sovereignty and territorial integrity, while Paragraph 3 commits the two countries to negotiating and achieving the final peace deal in 60 days, extendable with mutual consent.

The fourth and fifth paragraphs are about the Strait of Hormuz.

Under Paragraph 4, the U.S. will begin the removal of its naval blockade and any disturbances or impediments against Iran, and will fully end the naval blockade within 30 days, upon the signing of the document.

The fifth paragraph