The United States and Iran have reached a 14-point agreement, outlining the terms of a ceasefire between the two nations. The agreement, obtained by CNN, includes the reopening of the Strait of Hormuz and some financial relief for Iran. In exchange, Iran has reiterated that it will never produce nuclear weapons.

Key Points of the Agreement

The agreement includes the following key points: the US will allow Iran to sell its oil and petrochemical products, and Iran may be able to tap into a $300 billion development fund if it meets commitments related to its nuclear program. The US will also lift sanctions on Iran, including resolutions of the United Nations Security Council and the Board of Governors of the International Atomic Energy Agency (IAEA), and all unilateral US sanctions.

The agreement does not include specifics on what will become of Iran’s highly enriched uranium. The US official told CNN that the text reflects the agreement signed digitally by President Donald Trump, Vice President JD Vance, and Iranian parliamentary speaker Mohammad Bagher Ghalibaf on Sunday.

Original reporting: KEYT (Ventura/Santa Barbara) — read the source article.