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The memorandum of understanding, MOU, between the US and Iran aims to expand on the ceasefire and get traffic flowing through the Strait of Hormuz.
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But at less than 800 words in English, the 14-point outline leaves a lot of details for later, including the touchy subject of Iran’s nuclear program. But it does promise Iran a lot of money – by lifting sanctions to Iran can sell its oil to the world, but also potentially giving Iran access to billions in frozen assets and $300 billion in financing.
The Trump administration is a great fan of multipoint agreements. The agreement that sought to end hostilities in the Gaza strip was a 20-point plan, and the administration’s unrealized plan to end Russia’s war on Ukraine was a 28-point plan.
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It’s worth going line by line through the draft agreement, which was read out by a senior Trump administration official in a call with reporters.
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