What's in the US-Iran agreement?

US officials have unveiled the full text of the US-Iran Memorandum of Understanding to extend the ceasefire, open the Strait of Hormuz and, they hope, end the conflict between the two countries nearly four months after it began. The Trump administration has described the 14-point agreement as "performance-based", with Iran benefitting only if it complies with its commitments. Speaking at the G7 summit in Evian-les-Bains in France, President Donald Trump said that the deal will be formally signed "shortly" - potentially as soon as Thursday. Here's what we know about the key points of the agreement. The first paragraph of the agreement notes that the US, Iran and allies will declare an "immediate and permanent" termination of military operations on "all fronts" - including Lebanon. From the US perspective, Trump has been growing increasingly concerned that Israeli military operations against Hezbollah could upend the agreement with Iran. Tehran, for its part, has repeatedly said it expected Lebanon to be covered by the truce. Any continuation of Israeli military operations in Lebanon would constitute a "violation of the understanding" and "necessary measures will be taken", a spokesperson for the Iranian Ministry of Foreign Affairs said on Wednesday. The agreement notes that "from now on" neither side will initiate military operations or threaten each other, and ensure "the territorial integrity and sovereignty" of Lebanon. The final agreement will lead to the permanent "termination" of the conflict, the document says. It is unclear how Israel will react to this point. The text of the document - read verbatim to reporters in a call with US officials - notes that the US and Iran will "respect each other's sovereignty and territorial integrity" and refrain from interfering in each side's internal affairs. This will likely be received negatively by Iranian dissident groups. Earlier this year, Trump promised Iranian protesters that "help is on the way" during anti-government demonstrations that swept across Iranian cities. According to the third point in the document, the US and Iran will commit to negotiating and achieving a final deal in a "maximum" of 60 days, although that timeline could be extended with mutual consent. That 60-day countdown is likely to begin when leaders of the two countries officially sign the MoU in a ceremony planned to take place in Geneva later this week. "So far, our plans for the Geneva meeting have not changed," Iranian Ministry of Foreign Affairs spokesman Esmaeil Baqaei said. "Regarding the signing of the memorandum of understanding, one idea is that it be done by the presidents of the two countries, which is currently under review." The ministry also confirmed the agreement to come to a "final understanding" within 60 days. Once the MoU is signed, the US will begin removing its naval blockade and "any disturbances or impediments" that have been placed on Iranian ports, the fourth point says. The blockade will end fully within 30 days, according to the agreement and the Iranian Ministry of Foreign Affairs. During this time, the number of vessels the US allows through Iranian ports will be in proportion to the traffic being restored by Iran in the Strait of Hormuz. Within 30 days of a final deal being signed, the US has committed to removing American forces from the "proximity of Iran". In practice, this means that the US military will return to the posture and assets it had in place before hostilities began on 28 February. Part of the agreement notes that upon the signing of the MoU, Iran will "make arrangements using its best efforts" to allow safe passage of commercial vessels through the Strait of Hormuz - with no charge. This has been a significant objective of the US since the war began and the Strait of Hormuz was shut, sending global oil prices spiking. The document notes that traffic will start flowing "immediately", taking into account the need to remove technical and military "obstacles" an

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