International
US-Iran MoU Details Emerge: $300bn Reconstruction Aid, Sanctions Relief in 14-Point Deal
US-Iran MoU Details Emerge: $300bn Reconstruction Aid, Sanctions Relief in 14-Point Deal
The United States and Iran have signed a landmark 14-point memorandum of understanding that outlines a path to ending hostilities, lifting economic sanctions, and launching a $300 billion reconstruction plan for Iran. The agreement, dubbed the “Islamabad MoU,” was read out by a senior US official to journalists on Wednesday and sets the stage for a comprehensive final deal within 60 days. The digital signing has already taken place between President Donald Trump and Iranian parliamentary speaker Mohammad Bagher Ghalibaf, with a formal in-person ceremony scheduled for Friday in Switzerland. The Iranian government has released its own version of the text, which largely mirrors the US readout, though with slightly different emphases on certain provisions such as the centrality of Lebanon’s sovereignty and the operational mechanics of sanctions relief.
The Full 14-Point US-Iran Memorandum of Understanding Text
Below is the complete text of the memorandum as read by the senior US official, beginning with the preamble stating that “The United States of America and Islamic Republic of Iran have jointly agreed in good faith on [a date yet to be determined], on the following:”
Paragraph 1 – Permanent Cessation of Hostilities
The first paragraph declares an immediate and permanent termination of military operations on all fronts, including in Lebanon. The United States and Iran, along with their respective allies in the current war, 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 one another, while also 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. A senior US official emphasized that Iran bears responsibility for restraining Hezbollah, stating that “they have to get a collar on their dog in Hezbollah; they’ve got to hold them back,” making clear that Washington views this as a critical test of Tehran’s good faith.
Paragraph 2 – Mutual Sovereignty
The second paragraph commits both parties to respect each other’s sovereignty and territorial integrity and to refrain from interfering in each other’s internal affairs. This provision is designed to establish a baseline of mutual non-aggression that extends beyond the immediate military cessation, addressing long-standing Iranian grievances about US support for regime change and American concerns about Iranian influence across the Middle East.
Paragraph 3 – 60-Day Negotiation Window
The third paragraph establishes a maximum 60-day timeline for negotiating and achieving the final deal, a period that can be extended with mutual consent. This tight deadline reflects the urgency both sides feel to capitalize on the current diplomatic momentum while also creating a sense of pressure that could force difficult compromises during the negotiations. The clock is now ticking on this critical window, with the formal signing in Switzerland set to trigger the countdown.
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Paragraph 4 – US Naval Blockade Removal
The fourth paragraph requires the United States to begin removing its naval blockade and any disturbances or impediments against Iran immediately upon signing, with full removal within 30 days. During this period, the traffic of vessels will be in proportion to the numbers of pre-war traffic being restored by Iran. The United States further undertakes to remove its forces from the proximity of Iran within 30 days after the final deal. This represents a significant military de-escalation, as the US naval presence in the Persian Gulf and the Strait of Hormuz has been a major point of tension and a primary tool of economic pressure against Iranian oil exports.
Paragraph 5 – Strait of Hormuz Passage
The fifth paragraph places obligations on Iran to make arrangements using its best efforts for the safe passage of commercial vessels with no charge for 60 days only, from the Persian Gulf to the Sea of Oman, and vice versa. The traffic of commercial vessels will immediately start, and considering the need for removing technical and military obstacles and de-mining by Iran, will be instated within 30 days. Iran will also conduct dialogue with the Sultanate of Oman to define the future administration and maritime services in the Strait of Hormuz, in discussion with other Persian Gulf littoral states, in line with applicable international law and the sovereign rights of coastal states of the Strait. This provision is crucial for global energy markets, as the Strait of Hormuz is a vital chokepoint through which roughly 20% of the world’s oil passes.
Paragraph 6 – $300 Billion Reconstruction Fund
The sixth paragraph commits the United States to work with regional partners to develop a definitive mutually agreed plan with at least USD 300 billion for the reconstruction and economic development of Iran. The mechanism for implementation will be finalized as part of a final deal within 60 days, and all required licenses, waivers, and permissions needed for the relevant financial transactions will be granted by the United States. A critical detail is that the US will not directly contribute to this fund. Instead, it serves as a framework for regional partners—particularly Gulf states—to invest in Iran’s reconstruction with US approval and sanctions waivers, representing a significant geopolitical shift that could reshape the Middle East’s economic landscape.
Paragraph 7 – Comprehensive Sanctions Termination
The seventh paragraph is perhaps the most consequential for Iran’s economy, as the United States undertakes to terminate all types of sanctions against Iran, including United Nations Security Council resolutions, IAEA Board of Governors resolutions, and all unilateral US sanctions, both primary and secondary, on an agreed-upon schedule as part of the final deal. Both parties acknowledge the critical importance of the sanctions termination issue and express their intentions to immediately address these issues in the negotiations in order to achieve mutual agreement on them. The Iranian version of the text reportedly places stronger emphasis on this provision as a fundamental pillar of the agreement, reflecting Tehran’s view that sanctions relief is the primary benefit it seeks from the deal.
Paragraph 8 – Nuclear Commitments
The eighth paragraph addresses the most sensitive aspect of the negotiations: Iran’s nuclear program. Iran reaffirms that it shall not procure or develop nuclear weapons, and both parties agree to resolve the disposition of stockpiled enriched material pursuant to a mechanism that will be mutually agreed upon in accordance with the schedule mentioned in Paragraph 7, with the minimum methodology to be down-blending on site under the supervision of the IAEA. The two parties also agreed to discuss the issue of enrichment and other mutually agreed matters related to Iran’s nuclear needs, based on a satisfactory framework being agreed upon in the final deal. The final deal will confirm the provisions of this paragraph, and both parties acknowledge the critical importance of the nuclear issues and express their intention to immediately address them in the negotiation. A US official described this provision as a “major, major win” for the United States, as it commits Iran to verifiable steps that roll back its nuclear program.
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Paragraph 9 – Status Quo Maintenance
The ninth paragraph establishes a freeze on the current situation pending the final deal. Iran will maintain the current status quo of its nuclear program, and the United States will not impose any new sanctions and will not deploy additional forces in the region. This “standstill” provision is designed to prevent either side from taking actions that could undermine the negotiations or escalate tensions during the 60-day window, creating a stable environment for the difficult talks ahead.
Paragraph 10 – Immediate Oil Export Waivers
The tenth paragraph provides for immediate economic relief, as the United States undertakes that immediately upon signing the MOU, and until the termination of sanctions, the US Department of Treasury will issue waivers for the export of Iranian crude oil, petroleum products and derivatives, and all associated services, including banking transactions, insurances, and transportation. This provision allows Iran to begin ramping up its oil exports immediately, providing a tangible economic benefit that can be presented to the Iranian public as a concrete achievement of the diplomatic process.
Paragraph 11 – Release of Frozen Assets
The eleventh paragraph addresses the billions of dollars in Iranian assets that have been frozen or restricted in various jurisdictions around the world. The United States undertakes to make these funds fully available for use upon implementation of the MOU, with the procedures related to the release to be mutually agreed upon during the negotiations. Such funds, whether retained in the original account or transferred, shall be made fully usable for payment to any ultimate beneficiary designated by the Central Bank of Iran, and the United States undertakes to issue all necessary licenses and authorizations accordingly. This represents a significant financial windfall for Iran, though the exact amount and the timeline for access remain to be determined in the negotiations.
Paragraph 12 – Monitoring Mechanism
The twelfth paragraph establishes that an executive mechanism will be created to monitor the successful implementation of the MOU and the future compliance with the final deal. This monitoring body will be critical for building trust between the two sides and providing verification that each party is meeting its commitments, particularly on the nuclear front and on sanctions relief.
Paragraph 13 – Performance-Based Sequencing
The thirteenth paragraph contains the operational logic of the entire agreement, establishing that after signing the MOU and subject to the beginning of the implementation of Paragraphs 1, 4, 5, 10 and 11, and the continuing implementation of these measures, the United States and Iran will start negotiations regarding the final deal exclusively on the other paragraphs. This is the “performance-based” core of the agreement. Negotiations on the comprehensive final deal only commence after Iran begins implementing its commitments on the ceasefire, maritime security, and the US begins delivering economic relief. A senior US official described the logic: “If the Iranians dial up their good behavior, we respond by dialing up the kind of economic and sanctions relief that can make them a more prosperous country.”
Paragraph 14 – UN Security Council Endorsement
The fourteenth and final paragraph provides for international legitimacy, as the final deal will be endorsed by a binding UN Security Council resolution. This would give the agreement the force of international law and make it more difficult for future US administrations to unilaterally withdraw from the deal, addressing a key Iranian concern following the US withdrawal from the 2015 JCPOA under the first Trump administration.
Analysis: What This Means for US-Iran Relations
The Islamabad MoU represents the most significant diplomatic breakthrough between Washington and Tehran in decades, and several key themes emerge from a close reading of the document. The agreement is structured as a “performance-based” roadmap where Iran’s compliance unlocks specific US actions, creating a dynamic where both sides have ongoing incentives to fulfill their commitments. The $300 billion reconstruction framework, while not a direct US financial commitment, signals a broader realignment in the Middle East where Gulf states may be willing to invest heavily in Iran’s economy as part of a regional stabilization effort. On the nuclear front, Iran has agreed to on-site down-blending of enriched uranium under IAEA supervision, a provision US officials have hailed as a major victory, though the final deal will still need to resolve the broader question of Iran’s enrichment program and the extent to which it will be allowed to continue. The MoU provides for immediate oil export waivers and a phased removal of the naval blockade, but the comprehensive termination of all US sanctions will only come as part of the final deal within 60 days, creating a clear sequence of benefits tied to continued compliance. With provisions addressing Lebanon’s sovereignty, the Strait of Hormuz, and dialogue with Gulf states, the MoU signals a broader effort to stabilize the entire region beyond just the bilateral US-Iran relationship.
What Happens Next?
The 60-day clock is now ticking. Implementation of the initial provisions—ceasefire, naval de-escalation, maritime passage, oil waivers, and access to frozen assets—must begin before negotiations on the final deal can formally start. The final agreement, if reached, will be enshrined in a binding UN Security Council resolution, giving it international legal weight and making it more durable against future political changes in either country. All eyes are now on Friday’s formal signing ceremony in Switzerland and the subsequent negotiations that will determine whether this diplomatic breakthrough leads to a lasting transformation of US-Iran relations or proves to be another temporary pause in a long history of hostility. The coming weeks will test whether both sides can translate the framework of the MOU into a comprehensive agreement that addresses the full range of issues dividing them, from nuclear enrichment to regional influence to economic integration.
US-Iran MoU Details Emerge: $300bn Reconstruction Aid, Sanctions Relief in 14-Point Deal
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International
Trump Bans CNN, MS NOW, Politico From White House Over ‘Fake News’
Trump Bans CNN, MS NOW, Politico From White House Over ‘Fake News’
WASHINGTON — United States President Donald Trump has announced restrictions barring CNN, MS NOW and Politico from the White House, accusing the three media organisations of repeatedly publishing what he described as “fake news” about his administration.
Trump announced the decision on Friday, September 18, 2026, in a post on his Truth Social platform, declaring that the restrictions were effective immediately.
The president accused the organisations of reporting what he called “fiction and lies” about him, his administration and the United States, while warning that other media outlets could also face similar restrictions.
The announcement has opened another confrontation between the Trump administration and the American media, with press-freedom advocates and journalists raising questions about the constitutional limits of presidential control over access to the White House.
The dispute also escalated on Saturday after journalists working for MS NOW were denied entry to the White House grounds, providing the clearest indication that the administration had begun enforcing at least part of Trump’s announced restrictions.
Trump, speaking to reporters in the Oval Office after making the announcement, defended the decision and said the three organisations had engaged in what he regarded as deliberately negative coverage of his administration.
“They’re fake news,” Trump said when asked about the decision, adding that other media organisations could also be affected if they continued with what he described as unfair reporting.
Trump did not identify a single report that prompted the action. Instead, he pointed to what he characterised as the organisations’ overall coverage of his presidency.
He also criticised other major American news organisations, including The New York Times and The Washington Post, suggesting that additional outlets could face restrictions.
However, no ban on either newspaper was immediately announced.
The White House action initially created uncertainty because journalists from the three targeted organisations remained on the White House grounds after Trump’s announcement on Friday.
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CNN journalists were still working from the network’s White House workspace, while CNN also had personnel involved in the television pool covering Vice President JD Vance.
The situation changed on Saturday when MS NOW journalists were denied access to the White House grounds.
The development raised fresh questions about whether the administration intended to apply the restrictions to physical access, press credentials, White House workspaces, presidential events and media pools, or all forms of coverage from the presidential complex.
It was not immediately clear whether CNN journalists had also been denied entry on Saturday, while Politico journalists are generally not based at the White House during weekends.
Trump was spending the weekend at Camp David, the presidential retreat in Maryland.
The president’s action has drawn a strong response from the affected organisations.
CNN rejected the move and said it stood behind its White House reporting team. The network maintained that journalists should be able to report from the White House without government interference and indicated that it would challenge any formal restriction that violated its constitutional protections.
Politico also rejected the president’s allegations and said it would continue covering the Trump administration and future administrations.
The organisation said it would defend its First Amendment rights against attempts to restrict its access to government officials and presidential activities.
MS NOW also condemned the restriction after its journalists were denied entry, saying it would pursue available measures to protect its constitutional rights and the public’s access to information about government activities.
The White House Correspondents’ Association also criticised the administration’s decision.
The association argued that freedom of the press should not depend on whether a president agrees with the coverage produced by a particular news organisation or approves of questions asked by its journalists.
The controversy has also attracted the attention of major press-freedom organisations, which have warned that excluding news organisations because of dissatisfaction with their reporting could raise serious constitutional questions.
The First Amendment protects freedom of the press in the United States, although the government also has authority to regulate access to secure government facilities.
The central legal question is therefore likely to concern whether the White House can selectively exclude particular news organisations because the administration objects to their reporting or perceived editorial position.
The latest dispute follows an earlier confrontation between the Trump administration and the Associated Press over White House access.
In 2025, the White House restricted AP journalists from certain presidential events after the news organisation declined to adopt Trump’s preferred name, “Gulf of America”, for the body of water traditionally known as the Gulf of Mexico.
The AP challenged the restrictions in court, turning the dispute into a wider legal battle over presidential control of press access.
Trump has also had a previous major confrontation with CNN over White House access.
During his first presidency, the White House revoked CNN correspondent Jim Acosta’s press credentials following a contentious exchange between Acosta and Trump at a November 2018 press conference.
CNN challenged the decision in court, and a federal judge temporarily ordered the restoration of Acosta’s access. The White House later restored his credentials permanently.
The latest dispute is therefore occurring against the background of several years of tension between Trump and major American news organisations.
Trump has repeatedly criticised media outlets whose reporting he considers unfair or inaccurate, while journalists and press-freedom groups have argued that government officials should not determine access to the presidency according to whether they approve of news coverage.
Another issue raised by Trump’s latest announcement is the absence of specific reports identified by the president as the basis for the restrictions.
Rather than pointing to one article or broadcast, Trump referred broadly to what he described as the organisations’ continued publication of negative and false reports.
The president also raised the issue of government spending on Politico subscriptions while defending his decision.
Politico has rejected suggestions that its government subscriptions amounted to improper financial support, arguing that such claims were misleading.
Trump’s warning that other media organisations could also be targeted has added another dimension to the dispute.
The president has suggested that additional outlets could be excluded from the White House if he believes they continue to engage in what he considers unfair reporting.
That possibility has heightened concerns among journalists about the future of White House press access and whether the administration could establish different levels of access for media organisations based on their editorial coverage.
The immediate focus, however, is on how the restrictions against CNN, MS NOW and Politico will be implemented.
Questions remain over whether the administration will issue formal rules covering press credentials, presidential events, White House workspaces and press pools.
The organisations affected have indicated that they intend to continue covering the Trump administration and defend their rights to do so.
The confrontation could consequently develop into another major legal battle over the relationship between the White House and the American press, with the outcome potentially affecting how journalists gain access to the presidency.
For now, the denial of entry to MS NOW journalists represents a significant development from Friday’s announcement, when the precise scope of the proposed ban remained unclear.
The unfolding dispute places White House press access, media freedom and First Amendment protections at the centre of another major confrontation between President Trump and the American news media.
Trump Bans CNN, MS NOW, Politico From White House Over ‘Fake News’
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International
Asian Games Organisers Apologise After Blunder Broadcasts North Korean Anthem for South Korea
Asian Games Organisers Apologise After Blunder Broadcasts North Korean Anthem for South Korea
A mistaken stadium audio track following South Korea’s 5-0 hockey win over Bangladesh triggers protests amid wider logistical issues in Japan.
Organisers of the Asian Games in Japan issued a formal apology on Friday after mistakenly playing the North Korean national anthem for South Korea’s men’s hockey team.
The embarrassing mix-up occurred shortly after South Korea secured a commanding 5-0 victory over Bangladesh, leaving players standing perplexed on the pitch as the wrong national anthem echoed through the stadium speakers.
Following the initial blunder, venue operators played the national anthem of Bangladesh before finally broadcasting South Korea’s proper anthem, prompting a stadium announcer to issue an immediate apology over the public address system.
However, South Korea coach Min Tae-seok condemned the oversight as an inexcusable operational failure. Min stated that while tournament officials blamed an individual operator for selecting the wrong audio file, an international competition must never tolerate errors of such sensitive political magnitude.
Furthermore, the anthem blunder compounds wider operational difficulties facing Japanese host venues ahead of Saturday’s official opening ceremony. Several delegations have voiced strong frustration over logistical arrangements, with visiting teams reporting airport delays lasting up to six hours.
In addition, members of South Korea’s basketball squad published videos showing water pouring from broken pipes into their athlete village rooms, intensifying pressure on local organisers to resolve village infrastructure and technical coordination before mainstream competitions begin.
Asian Games Organisers Apologise After Blunder Broadcasts North Korean Anthem for South Korea
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International
BREAKING: Bloodbath at Pakistan Mosque as Suicide Blast Kills 21, Injures 103
BREAKING: Bloodbath at Pakistan Mosque as Suicide Blast Kills 21, Injures 103
KOHAT, Pakistan — Friday prayers turned into a scene of horror in Pakistan on Friday as a powerful suicide attack ripped through a mosque inside a police compound in Kohat, leaving at least 21 people dead and 103 others injured.
The devastating attack, which struck the Old Police Lines in Kohat, Khyber Pakhtunkhwa province, claimed the lives of 15 police personnel and six civilians, while 73 policemen and 30 civilians were injured, according to health officials.
The attack occurred at about 1:20pm local time, when worshippers had gathered for the weekly Friday prayers at the mosque located inside the heavily guarded Police Lines compound.
Eyewitness accounts and initial reports described scenes of panic as a massive explosion tore through the facility, sending debris flying and trapping victims beneath damaged sections of the mosque and surrounding buildings.
According to Khyber Pakhtunkhwa Inspector-General of Police Zulfiqar Hamid, an explosives-laden vehicle was rammed into the gate of the old Police Lines before detonating, unleashing the devastating blast.
The explosion caused extensive damage to the police facility and mosque, with parts of the structure collapsing as worshippers and police officers were caught in the blast.
But the nightmare did not end with the explosion.
As rescue workers rushed to evacuate the wounded, gunfire erupted inside the compound after armed militants reportedly attempted to force their way deeper into the police facility.
A further suicide explosion was also reported near the Special Branch building during the ensuing confrontation between the attackers and security forces.
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Police said seven armed attackers had entered the compound following the initial assault, triggering a fierce firefight involving police and Counter-Terrorism Department personnel.
Security forces eventually killed the attackers, including a suicide bomber and a sniper, as they battled to regain control of the compound.
The scale of the casualties overwhelmed medical facilities in Kohat, forcing the District Headquarters Hospital to declare an emergency.
Ambulances raced to the scene as doctors and medical workers treated scores of victims suffering blast injuries, gunshot wounds and injuries caused by collapsing structures.
Health authorities put the number of injured at 103, with 73 police personnel and 30 civilians among those receiving treatment.
Some of the wounded were reportedly in critical condition, while rescue teams continued searching the damaged compound for possible survivors trapped under debris.
The heavy police casualties were attributed to the location and timing of the attack, with officers among those gathered inside the mosque for Friday prayers.
Among those reportedly killed were SP Traffic Akbar Shinwari and Dr Israel Orakzai, head of the children’s department at DHQ KDA Kohat, according to Pakistani media reports.
Security forces subsequently cordoned off the area and restricted movement around the Police Lines as investigators began examining the scene and searching for explosives or possible accomplices.
The Kohat-Hangu Road was also closed temporarily as security and rescue operations continued.
The attack triggered widespread outrage across Pakistan, with President Asif Ali Zardari and Prime Minister Shehbaz Sharif condemning the bombing and mourning the victims.
Sharif directed authorities to ensure that the injured received immediate and adequate medical treatment while security agencies were ordered to investigate the attack.
Khyber Pakhtunkhwa Chief Minister Sohail Afridi also condemned the assault and directed officials to mobilise available resources for the treatment of the wounded.
Interior Minister Mohsin Naqvi expressed solidarity with the families of those killed and injured, as condemnation poured in from within and outside Pakistan.
Countries including Saudi Arabia, the United Kingdom, Russia, Poland, Australia and Jordan also condemned the attack and expressed sympathy with the victims and their families.
The Kohat bombing comes against the backdrop of an escalating militant threat in Khyber Pakhtunkhwa, one of Pakistan’s most violence-prone regions.
The province, which shares a border with Afghanistan, has witnessed repeated attacks targeting police, soldiers and civilians.
The latest bloodshed also came shortly after a roadside bombing in neighbouring Hangu district reportedly killed six soldiers, further raising security concerns in the region.
Pakistan has repeatedly accused militants linked to the Tehrik-e-Taliban Pakistan (TTP) of using hideouts in Afghanistan to launch attacks inside Pakistan. Afghanistan’s Taliban authorities have consistently rejected allegations that they permit their territory to be used for attacks against Pakistan.
Responsibility for the Kohat attack remained disputed in the immediate aftermath.
While later reports attributed a claim to a faction associated with the TTP, other reports said the TTP denied involvement. Security authorities have therefore continued investigations to establish the identity of those behind the attack and determine whether others assisted the attackers.
The deadly incident has also drawn painful memories of the January 2023 Police Lines mosque bombing in Peshawar, in which more than 100 people, mostly police officers, were killed.
For residents of Kohat, Friday’s attack once again turned a place of worship into a battlefield, leaving families searching for loved ones and hospitals struggling to cope with the influx of casualties.
As security agencies combed through the wreckage and investigators worked to establish the circumstances surrounding the assault, the death toll and number of injured remained subject to further updates.
At least 21 people are confirmed dead and 103 injured in the latest official figures, with fears that the casualty figures could change as authorities complete rescue and medical operations.
BREAKING: Bloodbath at Pakistan Mosque as Suicide Blast Kills 21, Injures 103
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