Fresh insights have surfaced regarding the elusive Iran-US peace agreement as new reports reveal that the 12-point peace proposal lacks any firm commitments from Iran on long-term nuclear activities.
On Monday (June 15), the United States and Iran officially inked a deal to terminate the nearly four-month conflict, with key figures like US President Donald Trump, Vice President JD Vance, and Iranian parliamentary speaker Mohammad Bagher Ghalibaf endorsing the memorandum of understanding (MOU).
Up to this point, the specifics of the pact between these longstanding adversaries have largely been kept under wraps. However, recent revelations from Israel’s Channel 12 shed some light on the terms. The agreement extends the existing ceasefire to ongoing incursions in Lebanon, grants Iran authority over the critical waterway, the Strait of Hormuz, temporarily suspends Iranian oil sanctions, and lays the groundwork for a more comprehensive peace treaty.
Notably, the 12-point plan does not definitively address Iran’s nuclear program, apart from a commitment to refrain from developing or acquiring nuclear weapons. It is mentioned that Iran is open to further discussions on its atomic initiatives following the official signing of the MOU in Switzerland on Friday.
Additionally, it is anticipated that naval traffic through the Strait of Hormuz will resume on the same day. Iran’s Foreign Minister Seyed Abbas Araghchi has confirmed the initiation of a 60-day negotiation period to facilitate peace talks between the two nations.
The MOU comprises 12 key points, with Axios journalist Barak Ravid being the first to report the details, collaborating with Israel’s Channel 12.
A contentious aspect of the agreement involves discussions about substantial war reparations, with conflicting reports emerging. While President Trump has labeled the notion of a USD$300 billion (£223.4 billion) reconstruction fund for Iran as “fake news,” Vice President JD Vance hinted at the possibility of such financial support during a recent interview.
Apart from financial aid, the deal appears to include unfreezing certain Iranian assets previously impacted by US sanctions. Iranian officials have hinted at future negotiations focusing on lifting American sanctions, particularly concerning Iran’s oil trade and international financial transactions, in exchange for concessions on the nuclear front.
Foreign Minister Araghchi outlined a two-phase approach to resolving the conflict, starting with the MOU signing and followed by broader discussions leading to a permanent peace arrangement. He underscored that the nuclear issue would be a focal point in the subsequent negotiations.
Opt for Daily Mirror as a ‘Preferred Source’ on Google News for quick access to the latest news updates.