Here are the terms of the agreement to end the war with Iran
New details revealed on Iran deal
U.S. details what's in memorandum of understanding with Iran. Ross Harrison, with Middle East Institute, joins LiveNOW from FOX to talk about the deal.
The United States and Iran have agreed to an interim pact that will end the war, but the road to peace is still long and winding.
The agreement outlines 14 points and paves the way for a broader 60-day negotiation period between the countries.
FILE - U.S. President Donald Trump gestures as he boards Air Force One while departing Geneva Airport following his participation in the G7 Leaders' Summit on June 17 in Geneva, Switzerland. (Photo by Anna Moneymaker/Getty Images)
Here are the 14 points:
Dig deeper:
Under terms of the initial deal, Iran would immediately take steps to reopen the Strait of Hormuz to global oil shipments and would be allowed to sell its oil without restrictions, senior U.S. officials said Wednesday.
The accord also envisions Iran receiving at least $300 billion to rebuild after the war and says the U.S. would work to end all American and U.N. sanctions imposed on Tehran. That is if a final agreement addressing Iran’s nuclear program is reached after the opening of a 60-day period for talks. The draft says the sides agreed to resolve "the disposition" of Iran's highly enriched uranium during that period.
What's next:
Though the accord was already signed by both parties on Wednesday, a formal signing is set to take place on Friday in Switzerland.
The Source: Information for this article was taken from The Associated Press and reporting by Reuters. This story was reported from San Jose.