The United States and Iran have reached a significant agreement in principle to immediately and permanently halt all military operations, lift comprehensive sanctions, and embark on a path towards a final settlement that includes a substantial reconstruction package for Iran.

The United States and Iran have agreed in principle to immediately and permanently halt all military operations linked to the ongoing conflict, including those involving Lebanon.

Both sides have pledged not to launch military action against each other, refrain from threats or use of force, and respect Lebanon's sovereignty and territorial integrity.

These commitments are to be incorporated into a final agreement.

The two countries have also agreed to respect each other's sovereignty, territorial integrity and domestic affairs, while working towards a comprehensive final agreement within 60 days, with the possibility of an extension by mutual consent.

As part of the understanding, the United States will begin lifting its naval blockade of Iran immediately and complete the process within 30 days.

Washington, DC has also committed to withdrawing military forces positioned near Iran within 30 days of a final agreement. During the transition period, maritime traffic will gradually return to pre-war levels.

Iran, in turn, has pledged to facilitate the safe passage of commercial ships through the Persian Gulf and the Sea of Oman free of charge for 60 days.

Commercial shipping is expected to resume immediately, though full restoration may take up to 30 days because of demining operations and the removal of military and technical obstacles.

Tehran will also hold discussions with Oman and other Gulf states on the future management and maritime services of the Strait of Hormuz in accordance with international law.