The text of a 14-point interim agreement between the US and Iran to end the war was read out by a senior US official to journalists. Under the agreement, upon signing, there would be an immediate and permanent halt of military operations on all fronts for 60 days.

The two parties also commit to respect each other's sovereignty and territorial integrity and to refrain from interfering in each other's internal affairs. The Strait of Hormuz, which has been under blockade, would be gradually reopened.

Part of the agreement notes that Iran will make arrangements using its best efforts to allow safe passage of commercial vessels through the Strait of Hormuz for 60 days only with no charge. The documents note that traffic will start flowing immediately, taking into account the need to remove technical and military obstacles and carry out de-mining operations.

Closure of the vital waterway has severely impacted the global economy. Point 8 of the interim agreement deals with Iran's nuclear program and any ambition to develop nuclear weapons. The Islamic Republic of Iran reaffirms that it shall not procure or develop nuclear weapons, the MOU states.

The framework agreement is due to be formally signed on Friday in Switzerland.

Source: www.dw.com