Here’s What’s in the US–Iran Deal
The deal kicks off a 60-day period of negotiations before both sides reach a final agreement
- Tehran Will Begin Selling Oil
- Iran Won’t Pursue Nuclear Weapons
- Reopening of Strait Will Boost Global Economy
- Unfreezing Assets and Sanctions Relief
- United States and its regional partners in the Middle East developing a plan to create a $300 billion reconstruction and economic development fund for Iran
- US Forces to Remain in Region
Read the Details of the MOU
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The MOU says the U.S. will thaw frozen Iranian assets immediately and also “develop a definitive, mutually agreed plan with at least $300 billion for the reconstruction and economic development” of Iran to repair the damage from U.S. and Israeli strikes. It says the U.S. will grant “[a]ll required licenses, waivers, and permissions needed for the relevant financial transactions,” apparently readmitting Iran to full participation in world financial markets.
In exchange for these concessions, Iran “reaffirms” in the MOU that it will not try to develop or procure a nuclear weapon. That word “reaffirms” is important: it signals that Iran is simply reiterating what it said in the 2015 Joint Comprehensive Plan of Action (JCPOA) that Trump tore up in 2018.
But, unlike the JCPOA, the MOU contains no language about a process to guarantee Iran’s promise not to pursue a nuclear weapon. When a reporter asked Trump about that absence, he said that what would guarantee Iran’s compliance is fear of renewed U.S. bombing. But Iran has shown it can withstand such attacks, and in any case, the U.S. has no stomach for them.
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