The full ceasefire deal between the United States and Iran will include an end to fighting in Lebanon, as well as the initial unfreezing of 12 billion dollars in funds for Iran, the Iranian state media site Mehr reported on Friday.
A draft of the deal is still waiting for Iranian officials’ approval, Mehr reported, and the final agreement will be approved by the United Nations Security Council.
As part of the deal, the US will remove sanctions on Iranian oil and petrochemical products, allowing Iran full access to its frozen assets. Mehr reported that the total amount of funds is 24 billion dollars, with half of that amount being released to Iran before further talks may begin.
Among other concessions made as part of the deal, the US will agree to not intervene in internal Iranian affairs and remove its forces from areas near Iran.
Mehr also claimed that the blockade of the Strait of Hormuz would be lifted and that the strait would be fully reopened within 30 days of the deal’s signing.
When it comes to the issue of Iran’s nuclear ambitions, the deal only specifies that there will be a 60-day negotiation period to establish a final nuclear agreement.
Iran’s ballistic missile program, as well as its support for proxy groups across the Middle East such as Hezbollah, will not be included in the negotiations, according to Mehr.
Trump cancels Iran strikes, announces deal
On Thursday night, US President Donald Trump announced that he had canceled scheduled strikes and bombings against Iran, after a deal with Iran had been agreed upon.
The deal, also known as a memorandum of understanding (MOU), was approved “both in concept and great detail” by all involved parties, including the US, Israel, Saudi Arabia, the United Arab Emirates, Qatar, and multiple other Middle Eastern countries, Trump wrote.
No date was given for the signing, but Trump said it could happen over the weekend in Europe, with US Vice President JD Vance set to attend.
Danya Saperstein and Amichai Stein contributed to this report.
