Iran says finalizing memorandum with US to end war

Terms of the Accord

Iran's Foreign Ministry spokesman Esmaeil Baghaei said on Saturday that Tehran is finalizing a comprehensive 14-point memorandum of understanding with the United States designed to end the ongoing war between the two nations. The proposed accord includes provisions for ending hostilities, lifting the American naval blockade, and releasing billions of dollars in frozen Iranian assets, according to the Iranian Fars news agency. "Our approach has been to draft a memorandum that includes the most important issues necessary for ending the war," Baghaei said, adding that officials are now in the final stage of finalizing the text.

He noted that while progress has been made on the substantive provisions, Tehran and Washington have not yet reached agreement on a joint timeline for implementation. The spokesman insisted that the status of the Strait of Hormuz remains unrelated to the bilateral discussions with Washington, despite the ongoing disruption to maritime traffic through the strategic waterway.

War Context

The conflict began on February 28 when the US and Israel launched military strikes against Iranian nuclear and military facilities, prompting retaliatory measures including the blocking of the Strait of Hormuz and attacks on American bases in the region. More than 3,300 people have been killed in Iran since hostilities commenced, with thousands more displaced and global energy markets disrupted by the closure of the vital chokepoint.