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US and Iran Agree on Terms to End Military Operations and Sanctions

KVIA•Wednesday, June 17, 2026 at 5:38 PM•ABC News

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AI Summary

The United States has unveiled the terms of a memorandum of understanding (MOU) with Iran aimed at ceasing military operations and lifting sanctions. Key elements include the immediate termination of military actions, a commitment to respect each other's sovereignty, and a timeline of 60 days to negotiate a final deal. The US will remove its naval blockade within 30 days, while Iran will ensure safe passage for commercial vessels for 60 days. Additionally, the US plans to allocate $300 billion for Iran's reconstruction and development, and both nations have agreed to address nuclear weapon concerns. This agreement is significant for regional stability and international relations.

Key Details: • Negotiations for a final deal must be completed within 60 days. • US to lift naval blockade within 30 days of signing the MOU. • Iran to facilitate safe passage for commercial vessels for 60 days. • US to allocate $300 billion for Iran's economic development. • Both parties to address nuclear issues and sanctions termination immediately.

military sanctions nuclear iran us-relations

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