Read the US account of unreleased 14-point Iran ceasefire memorandum

US official gives clearest account yet of deal set to be signed by US and Iran Friday; Iran has not confirmed text.A senior United States official has read the text of a memorandum of understanding to end the US-Israel war with Iran during a call with reporters.The account is the clearest yet from the administration of US President Donald Trump on the deal, which is scheduled to be signed in a ceremony by both sides on Friday.Recommended Stories list of 3 itemslist 1 of 3Strait of Hormuz reopens: But can ships’ safety be assured?list 2 of 3Tehran War Diary: Shooting war at homelist 3 of 3The Take: Why Israel could still derail the Iran-US dealend of listNeither the US nor Iran has released a physical copy of the agreement. Iranian officials have not confirmed the US version of the text.The US official said the memorandum of understanding will halt fighting on all fronts in Lebanon, lift the US naval blockade, and open the Strait of Hormuz to maritime traffic.The initial agreement, as told by the official, will kick off 60 days of negotiations on Iran’s nuclear programme, future administration of the Strait of Hormuz, the lifting of US sanctions, the unfreezing of Iranian assets and a $300bn US-backed reconstruction plan.It will also see the US immediately grant sanctions waivers for Iran’s fossil fuel industry.The official said the initial deal had already been signed electronically by the US and Iran, and that both sides remain free to walk away before the planned signing on Friday.Here is the official’s verbatim account of the 14 points:One:“The United States of America and the Iran" class="entity-link entity-organization" data-entity-id="8614" data-entity-type="organization">Islamic Republic of Iran and their allies in the current war, by signing the MOU, declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other and to refrain from the threat or use of force against each other and ensuring the territorial integrity and sovereignty of Lebanon. The final deal will confirm the permanent termination of the war on all fronts, including in Lebanon and other provisions of this paragraph.”