What's in the US-Iran agreement?

What's in the US-Iran agreement? 4 hours ago Share Save Add as preferred on Google Bernd Debusmann Jr White House reporter Watch: Three key takeaways from US-Iran agreement A US-Iran agreement to extend the ceasefire between the two countries has been signed and is now in effect, a White House official has confirmed to the BBC. President Donald Trump formally signed the deal - which is set to reopen the pivotal Strait of Hormuz - while attending the G7 summit in Evian-les-Bains in France. The 14-point agreement, which is known as a Memorandum of Understanding, says that Iran will never have a nuclear weapon, and also commits a $300 billion fund for the "reconstruction and economic development" of the country - although the US is not required to contribute. It comes four months after the conflict between the countries - and Israel - broke out. The agreement has been described by the Trump administration as "performance-based", with Iran benefitting only if it complies with its commitments. While the text of the deal leaves many questions unanswered - and many key issues unsolved - here's what we know about some of the key points. Initial US-Iran agreement leaves many key issues to be negotiated Point 1: An end to conflict 'on all fronts' 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. Point 2: Respect for 'internal affairs' 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. Moment Trump signs Iran deal at Palace of Versailles Point 3: An extendable 60-day timeline 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 timeli