Fresh information has come to light regarding the Iran-US peace agreement, which has been shrouded in secrecy. Reports suggest that the 12-point peace plan does not involve any long-term nuclear commitments from Iran.
The United States and Iran officially signed the agreement on Monday, June 15, bringing an end to the nearly four-month conflict. The MOU was endorsed by US President Donald Trump, US Vice President JD Vance, and Iranian parliamentary speaker Mohammad Bagher Ghalibaf.
Details of the agreement between the two opposing nations have been scarce until now, with Israel’s Channel 12 providing some insights. The deal extends the existing ceasefire to ongoing incursions in Lebanon, grants Iran control over the vital waterway, the Strait of Hormuz, temporarily lifts Iranian oil sanctions, and lays the groundwork for a more comprehensive peace accord.
One key aspect of the 12-point plan is the absence of a firm commitment from Iran regarding its nuclear program, apart from a pledge to never develop or acquire nuclear weapons. Iran has expressed readiness to further discuss its atomic program after the official signing ceremony in Switzerland on Friday.
The reopening of the Strait of Hormuz for naval traffic is expected on the same day. Following this, a 60-day negotiation period will begin to facilitate peace talks between the US and Iran, as confirmed by Iran’s Foreign Minister Seyed Abbas Araghchi.
The 12 points comprising the MOU, as initially reported by journalist Barak Ravid of Axios, include an agreement to address war reparations, which has already sparked controversy. President Trump dismissed reports of a $300 billion reconstruction fund for Iran, labeling it as “fake news.”
Contrary to Trump’s statement, Vice President JD Vance hinted at the possibility of the reconstruction fund during a CBS News interview, mentioning potential funding from the Gulf Coast Coalition. Additionally, the deal includes a contribution towards post-war reconstruction and the release of frozen assets affected by US sanctions.
Previous reports suggest that the next phase of discussions may involve the lifting of American sanctions on Iran’s oil sales and international banking transactions in exchange for concessions on Iran’s nuclear program. Iranian Foreign Minister Araghchi outlined a two-stage process, starting with the MOU signing and followed by negotiations for a permanent peace agreement, leaving the nuclear issue for subsequent rounds of talks.
