Fresh information has surfaced regarding the Iran-US peace agreement, which has been kept under wraps between the two countries. Reports suggest that the 12-point peace proposal does not contain any specific long-term commitments from Iran regarding its nuclear activities.
On Monday, the United States and Iran officially signed an agreement to put an end to the nearly four-month-long conflict. The deal was ratified by US President Donald Trump, US Vice President JD Vance, and Iranian parliamentary speaker Mohammad Bagher Ghalibaf.
Until now, the details of the pact between these longtime adversaries have largely been undisclosed. However, Israel’s Channel 12 has shed some light on the agreement. It is reported that the deal extends the existing ceasefire to cover ongoing activities in Lebanon, grants Iran control over the vital Strait of Hormuz, temporarily lifts sanctions on Iranian oil, and lays the groundwork for a more comprehensive peace accord.
Of significance, the 12-point plan does not contain any concrete commitments from Iran regarding its nuclear program, apart from a pledge not to pursue or acquire nuclear weapons. The plan indicates that Iran is open to further discussions on its atomic initiatives following the official signing of the memorandum of understanding (MOU) in Switzerland on Friday.
Moreover, it is anticipated that the naval traffic in the Strait of Hormuz will resume 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 key points comprising the MOU, initially reported by Axios journalist Barak Ravid, include an agreement to allocate significant funds for war reparations. However, President Trump has refuted claims that a USD$300 billion (£223.4 billion) reconstruction fund for Iran is part of the MOU, dismissing it as “fake news.”
Despite Trump’s denial, various sources suggest otherwise, with Vice President JD Vance hinting at the potential for funding to aid in Iran’s reconstruction, subject to fulfilling their obligations.
In addition to financial support for post-war reconstruction, the deal appears to involve unfreezing a portion of assets that had been affected by US sanctions.
Earlier reports from the Times highlighted that the subsequent discussions would involve lifting American sanctions, including those 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-phase process for resolving the conflict, involving the signing of the MOU followed by negotiations for a lasting peace agreement. Araghchi specified that the nuclear issue would be addressed in the subsequent round of talks towards a final agreement.