Tehran: Iran announced early Thursday that a 14-point memorandum of understanding (MOU) with the United States, aimed at ending the war, has been officially finalized following the signing by the presidents of both countries. Iranian Foreign Ministry spokesman Esmail Baghaei confirmed the 'Islamabad memorandum' had become fully official after being signed digitally by both Tehran and Washington. According to Anadolu Agency, Baghaei stated that negotiations under the memorandum will concentrate solely on nuclear issues and sanctions relief. The agreement outlines a 60-day negotiation period, with the potential for extensions due to the complexity of the issues. He emphasized that, although the plan for negotiating teams to meet in Geneva remains, the memorandum was signed digitally, and no ceremonial signing will occur in Switzerland. Baghaei noted that the memorandum's formal finalization following the presidential signatures makes it harder to violate, although implementation will be challenging. Iran inte nds to fulfill its obligations only if the US upholds its commitments, and Tehran will closely monitor the implementation process. The memorandum asserts that future negotiations will solely address the nuclear issue and sanctions relief, specifically avoiding nuclear discussions during the war-ending talks. Baghaei pointed out that Lebanon is mentioned three times in the memorandum's opening section, including commitments to respect its sovereignty and territorial integrity. Israel's continued attacks on Lebanon would constitute a breach of US commitments under the MOU, he added. Baghaei emphasized that the US must ensure Israel adheres to the commitments made under the memorandum, even though there are differences between Washington and Tel Aviv. He also reported that US commitments regarding the lifting of its naval blockade on Iran began following urgent discussions after Israeli attacks in Beirut and Iranian threats of retaliation. Iranian vessels have been able to enter and exit ports without issues, indicating US commitments are taking effect. He added that Iran expects immediate implementation of oil sanctions relief, including oil exports, shipping and insurance services, and access to oil revenues. The spokesman noted that Iran has separately negotiated issues related to frozen Iranian assets, sanctions relief, and post-war reconstruction along with the memorandum, with the US pledging to remove barriers to the release and use of Iranian funds. Regarding the Strait of Hormuz, Baghaei announced Iran is finalizing arrangements for managing traffic through the strategic waterway in collaboration with Oman, ensuring safe passage while preserving Iran's sovereignty. Tehran plans to charge fees for services provided in the strait. Baghaei reiterated that Iran's missile program and defense capabilities remain off the negotiation table, stating, "Iran's missiles are for launching, not for negotiating." Furthermore, Iran will not transfer its enriched uranium stockpile abroad, considering it unacceptable, t hough dilution of enriched uranium could be discussed in future talks. The US and Iran's remote signing of the 14-point memorandum calls for an immediate cessation of military operations, removal of the naval blockade within 30 days, and safe passage through the Strait of Hormuz. It also includes a $300 billion reconstruction and economic development plan for Iran, oil export waivers, the release of frozen assets, and Iran's reaffirmation of its non-development of nuclear weapons, with future negotiations on its enriched uranium stockpile.