What's in the US-Iran agreement? Key terms of the 14-point memorandum (opens original article in a new tab)

The US and Iran have unveiled a 14-point memorandum aiming to extend the ceasefire, reopen the Strait of Hormuz, and establish a framework for ending their conflict, including mutual military cessation, sovereignty respect, and economic and nuclear provisions.

• US and Iran agree to 14-point memorandum to extend ceasefire and resolve conflict
• Memorandum includes mutual cessation of military operations and respect for sovereignty
• Agreement outlines framework for lifting naval blockade, sanctions, and nuclear program management
• Economic package of $300 billion proposed for reconstruction, with funding mechanism to be finalized