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On Wednesday, CNN obtained and published the details of a memorandum of understanding (MOU) between the United States and Iran, meant to halt the war between the countries for at least the next 60 days.

The 14-point MOU calls for an “immediate and permanent end to the war on all fronts” — including in Lebanon. The document also alludes to reaching a “final agreement” within the next two months, indicating that the MOU likely functions as more of a temporary ceasefire agreement than a lasting peace deal.

The MOU indicates that the 60-day deadline isn’t final and can be extended “by mutual consent” if needed.

In addition to an end to hostilities, the MOU also demands that both Iran and the U.S. “respect each other’s sovereignty and territorial integrity, and … refrain from interfering in each other’s internal affairs.” It lifts naval blockades imposed by both sides in the Strait of Hormuz, with the promise to restore exports through the waterway (including oil) to “pre-war volume” within 30 days.

The memo also requires sanctions on Iran to be lifted, and for the United States to create, with its regional partners, “a comprehensive plan agreed upon by both parties for the rehabilitation and economic development of the Islamic Republic of Iran, while ensuring financing of at least $300 billion.” More details on how that fund will operate are to be discussed during the upcoming 60-day negotiating period.

Trump Calls Iran Deal “Complete” as Questions Linger Over Its Terms

Such agreements are not uncommon at the end of military conflicts. Indeed, after World War II, the United States created agreements to help restore the infrastructure of both Japan and parts of Germany. The U.S. and Israel’s war has caused an estimated billions of dollars........

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