US releases official agreement with Iran. Read the 14-point text | CNN

The United States on Wednesday released the official text of the memorandum of understanding reached over the weekend with Iran. A senior US administration official read out the 14-point document, which spells out provisions for reopening the Strait of Hormuz, easing certain financial restrictions on Iran and sets out expectations for addressing Iran’s nuclear program during future technical talks. Titled the “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran,” the document was released after outcry that its text hadn’t been released publicly. “This is fundamentally an agreement that allows us to open the Strait of Hormuz immediately, commit the Iranians to destroying the nuclear dust, and then gives us a dial where 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,” the senior US official said. The memorandum is due to be formally signed Friday, triggering a 60-day-window to negotiate the final terms of a deal. CNN had earlier reported on a draft agreement laying out the terms. The official text released by