The United States and Iran have reached a 14-point agreement, according to a copy of the text obtained by CNN. The agreement includes the terms of the ceasefire between the two countries, the reopening of the Strait of Hormuz, and some financial relief for Iran.

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 Tehran may be able to tap into a $300 billion development fund if it meets commitments related to its nuclear program in further negotiations. The Islamic Republic of Iran reiterates that it will never produce nuclear weapons.

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. However, given both the US and Iranians’ secrecy around the language, it remains unclear whether the draft text shared with CNN will reflect the exact wording of the final document due to be signed in person on Friday in Switzerland.

The agreement is due to be formally signed on Friday, triggering a 60-day window to negotiate the final terms of a deal. The US has downplayed the significance of the memo itself, calling it a “political document” that does not reflect critical back-channel commitments Iran has made to the US, specifically on the future of Tehran’s nuclear program.

Original reporting: KTVZ (Central Oregon) — read the source article.