Iran-US Peace Memo Would End War on All Fronts, Including Lebanon
Speaking to a state broadcaster, Foreign Minister Abbas Araghchi described the document — known as the Islamabad Memorandum of Understanding, named after the Pakistani capital that brokered the framework — as a historic turning point since the conflict erupted February 28.
"The end of the war will be declared on all fronts, including Lebanon," he said.
Araghchi outlined mutual commitments embedded in the draft, including pledges against initiating hostilities, threatening force, or interfering in each other's domestic affairs.
"For the first time in 47 years, (under the deal) the United States explicitly states that it respects the sovereignty of the Islamic Republic of Iran," he said.
Araghchi added that Israel must withdraw from occupied southern Lebanese territory as a condition Tehran considers integral to ending the war.
A Two-Stage Roadmap
Under the proposed framework, negotiations would unfold across two distinct phases. The first centers on signing the memorandum itself, while the second — expected to span 60 days, with possible extensions — addresses sanctions relief, uranium enrichment levels, Iran's enriched uranium stockpile, and a reconstruction fund. Nuclear matters were deferred to stage two after Araghchi said initial demands presented by the opposing side were "not acceptable."
Should negotiations collapse without a final agreement, both parties would revert to their prior positions.
Strait of Hormuz and Frozen Assets
Araghchi signaled that future governance of the Strait of Hormuz would change significantly, emphasizing Iran and Oman's shared sovereignty over the waterway.
"Our sword will always remain over the Strait of Hormuz," he said, clarifying that Iran would levy service fees rather than transit tolls.
He noted that roughly 40% of strait vessel traffic is linked to China, making consultations with Beijing commercially vital. Iran is actively coordinating with both China and Oman on maritime traffic management.
Under the proposed deal, the maritime blockade on Iran must be fully lifted and all frozen Iranian assets released — permanently, Araghchi stressed.
Enriched Uranium Stance
On uranium transfers, Araghchi maintained Tehran's firm position.
"Our position has always been that if high-level enriched uranium, especially 60% material, is to be dealt with, the only acceptable method is dilution inside Iran," he said.
He confirmed no final decisions have been reached on enrichment levels or stockpile volumes, with both issues relegated to stage two talks.
Signing Timeline
The memorandum — fewer than two pages and negotiated clause by clause — contains 14 provisions intended to be read as a unified package rather than individual concessions. Iran's Supreme National Security Council has maintained full oversight throughout.
"The signing will take place digitally and remotely," Araghchi said, adding finalization could come within days.
He cautioned that external threats were generating political pressure, warning they "have the opposite effect" and risk delaying any agreement.
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