Ceasefire deal includes Lebanon, sanctions rollback, end of Hormuz blockade, Iranian media reports

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Iranians attend the 46th anniversary of the Islamic Revolution in Tehran, Iran, February 10, 2025.




















Iranians attend the 46th anniversary of the Islamic Revolution in Tehran, Iran, February 10, 2025.
(photo credit: MAJID ASGARIPOUR/WANA/REUTERS)

The full ceasefire deal between the United States and Iran will include an end to fighting in Lebanon, as well as the initial unfreezing of 12 billion dollars in funds for Iran, the Iranian state media site Mehr reported on Friday.

A draft of the deal is still waiting for Iranian officials' approval, Mehr reported, and the final agreement will be approved by the United Nations Security Council.

As part of the deal, the US will remove sanctions on Iranian oil and petrochemical products, allowing Iran full access to its frozen assets. Mehr reported that the total amount of funds is 24 billion dollars, with half of that amount being released to Iran before further talks may begin.

Iran's ballistic missile program, as well as its support for proxy groups across the Middle East such as Hezbollah, will not be included in the negotiations, according to Mehr.

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