Bloomberg has the full text of the memorandum of understanding between the United States and Iran on ending the war.
Playbook: “The text says the war will end on all fronts, including in Lebanon. The U.S. will immediately lift the blockade on Iran’s ports and remove all military presence within 30 days of a final agreement. Sanctions and embargoes on Iran will also be lifted immediately, allowing the regime to restart selling oil. And a ‘comprehensive plan’ to reconstruct Iran — with at least $300 billion of outside investment — will be agreed within 60 days.”
“In return, Iran will pledge to fully reopen the Strait of Hormuz within 30 days and formally reiterate that it will never produce nuclear weapons. (These were, of course, their positions before the war began.) But there’s no clear commitment about Iran’s nuclear material, which will be subject to further discussion pending a final agreement in 60 days’ time. And there’s no mention of Iranian shipping tolls, Iranian proxies, Iranian missile depots, Iranian democracy, or any of the other issues touted as possible war aims since the American bombing began on Feb. 28.”
“Trump’s critics are already framing the deal as a total capitulation.”
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