Iran and US confirm electronic signing of 14-point memorandum
An Iranian foreign-ministry spokesperson confirmed that the 14-point framework with the United States was formalised on Monday through electronic signature. According to Al Jazeera, sources in Washington said US Secretary of State Marco Rubio also completed the signing electronically. The full text has not been released publicly, but the framework is reported to include the normalisation of Strait of Hormuz passages and a phased lifting of sanctions.
Iranian foreign-ministry spokesperson Esmail Baghaei told a Tehran press conference: "The document officially took effect on Monday." The full text of the framework is expected to be published simultaneously by the United States and Iran on Wednesday evening. In a separate dispatch, Al Jazeera reported that the United Arab Emirates and Oman had played a prominent mediating role in the final stages of negotiations.
The framework was finalised last week after Trump's statement that "we ended the war with Iran." The White House will transmit the details to Congress on Friday; Democratic senators continue to voice concern that the agreement lacks verifiable inspection mechanisms.
Tanker movement in shadow ports and near the Strait of Hormuz has risen 12 percent over the past 48 hours, but ship-tracking platforms reported that normalisation has not yet been fully achieved. Brent crude fell to 78.4 dollars a barrel after the announcement.
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