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$300bn reconstruction aid, sanctions lift’ – US-Iran MoU details emerge

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The following is the text of the US-Iran Memorandum of Understanding, as read out by a senior US official to reporters on Wednesday:

“The United States of America and Islamic Republic of Iran have jointly agreed in good faith on (a date yet to be determined, the official said), on the following:

“Paragraph 1 – The United States of America and the Islamic Republic of Iran and their allies in the current war, by signing this MOU, declare an immediate and permanent termination of military operations on all fronts, including in Lebanon, and 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 each other, and 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.

“Paragraph 2 – The United States of America and the Islamic Republic of Iran undertake to respect each other’s sovereignty and territorial integrity and to refrain from interfering in each other’s internal affairs.

“Paragraph 3 – The United States of America and the Islamic Republic of Iran commit to negotiating and achieving the final deal in maximum 60 days extendable with mutual consent.

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“Paragraph 4 – Immediately upon the signing of this MOU, the United States of America will begin the removal of its naval blockade and any disturbances or impediments against the Islamic Republic of Iran, and will fully end the naval blockade within 30 days. During this period, the traffic of vessels will be in proportion to the numbers of pre-war traffic being restored by the Islamic Republic of Iran. The United States of America further undertakes to remove its forces from the proximity of the Islamic Republic of Iran within 30 days after the final deal.

“Paragraph 5 – Upon the signing of this MOU, the Islamic Republic of Iran will 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 the technical and military obstacles, and de-mining by the Islamic Republic of Iran, will be instated within 30 days. The Islamic Republic of Iran will 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 the applicable international law and the sovereign rights of coastal states of the Strait of Hormuz.

“Paragraph 6 – The United States of America undertakes with regional partners to develop a definitive mutually agreed plan with at least USD 300 billion for the reconstruction and economic development of the Islamic Republic of Iran. The mechanism for the implementation of this plan will be finalized as part of a final deal within 60 days. All required licenses, waivers, and permissions needed for the relevant financial transactions will be granted by the United States of America.

“Paragraph 7 – The United States of America undertakes to terminate all types of sanctions against the Islamic Republic of Iran, including the United Nations Security Council resolutions, IAEA Board of Governors resolutions, and all unilateral US sanctions, primary and secondary, in an agreed-upon schedule as part of the final deal. The Islamic Republic of Iran and the United States of America acknowledge the critical importance of the sanctions termination issue above mentioned, and express their intentions to immediately address these issues in the negotiations in order to achieve mutual agreement on them.

“Paragraph 8 – The Islamic Republic of Iran reaffirms that it shall not procure or develop nuclear weapons. The United States of America and the Islamic Republic of Iran have agreed 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 the Islamic Republic of 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. The United States of America and the Islamic Republic of Iran acknowledge the critical importance of the nuclear issues above mentioned, and express their intention to immediately address these issues in the negotiation in order to achieve mutual agreement on them.

“Paragraph 9 – Pending the final deal, the United States of America and the Islamic Republic of Iran agree to maintain the status quo. The Islamic Republic of Iran will maintain the current status quo of its nuclear program, and the United States of America will not impose any new sanctions, and will not deploy additional forces in the region.

“Paragraph 10 – The United States of America undertakes that immediately upon the signing of this MOU, and until the termination of sanctions, 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, transportation, etc.

“Paragraph 11 – The United States of America undertakes to make fully available for use the frozen or restricted funds and assets of the Islamic Republic of Iran upon the implementation of this MOU. The United States of America and the Islamic Republic of Iran will mutually agree on the procedures related to the release of these funds 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 the Islamic Republic of Iran. The United States of America undertakes to issue all necessary licenses and authorizations accordingly.

“Paragraph 12 – The United States of America and Islamic Republic of Iran agree that an executive mechanism will be established to monitor the successful implementation of this MOU and the future compliance of the final deal.

“Paragraph 13 – After signing this MOU and subject to the beginning of the implementation of Paragraphs 1, 4, 5, 10 and 11 of this MOU, and the continuing implementation of these measures, the United States of America and the Islamic Republic of Iran will start negotiations regarding the final deal exclusively on the other paragraphs.

“Paragraph 14 – The final deal will be endorsed by a binding UNSC resolution.”

International

UK to Cut Post-Study Work Visa for Some Nigerian, Foreign Graduates From 2027

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The United Kingdom (UK) has announced plans to retain the two-year post-study work visa for international graduates of selected universities, partially reversing an earlier decision to reduce the duration of the scheme.

Under the revised policy, graduates of universities with strong immigration compliance records and positive employment outcomes will continue to qualify for a two-year Graduate visa, while other international graduates will be eligible for an 18-month visa from January 2027.

The UK government disclosed the change in its 2026 Budget, although it has yet to publish the list of qualifying universities or explain the criteria institutions must meet to retain the two-year visa option.

The policy introduces a two-tier system under which the university an international student attends could determine how long they can remain in Britain after completing their studies.

“The government will also increase the duration of the Graduate visa to two years for graduates from high compliance universities where there are strong labour market outcomes,” the Budget document stated.

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The development follows an earlier government announcement to reduce the standard Graduate visa duration from two years to 18 months for international students completing bachelor’s and master’s degree programmes, effective January 1, 2027.

However, international graduates who complete doctoral programmes will continue to qualify for a three-year Graduate visa.

The revised policy means that Nigerian students and other international students planning to study in the UK may need to consider their chosen university’s eligibility under the new criteria when making decisions about their education and post-study employment opportunities.

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Spain Train Crash Kills at Least 64, Leaves 80 Injured

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Rescue team members arrive at the scene where two high-speed trains crashed in the village of Urda in Toledo, Spain, on October 28, 2026 [Ismael Herrero/EPA]
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At least 64 people have been killed and about 80 others injured after two high-speed trains collided in central Spain, according to regional authorities.

The accident occurred early Wednesday near Urda in Toledo province, south of Madrid, along the high-speed railway line connecting the Spanish capital with Seville.

The head of the Castilla-La Mancha regional government, Emiliano García-Page, said about 50 of the injured were in serious condition, while 15 others were critically injured. He warned that some of the most seriously injured victims might not survive.

Spain’s Health Minister, Mónica García, said the injured were being transported to several hospitals across the region for treatment.

The collision involved a Renfe-operated AVE high-speed train travelling from Madrid to Seville and another train operated by private railway company Iryo.

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Esther Padilla, a spokeswoman for the Castilla-La Mancha regional government, told Spanish public broadcaster TVE that both trains were travelling in the same direction when one struck the rear of the other, which had stopped.

The impact caused carriages to derail, with two carriages of the Iryo train reportedly plunging down an embankment.

Authorities said 397 passengers were aboard the Renfe train, while 147 were travelling on the Iryo train, bringing the total number of passengers involved to 544.

Signalling System Failure Under Investigation

Spain’s Transport Minister, Óscar Puente, said a failure of the railway’s signalling and control system preceded the accident.

Puente explained at a press conference that the LZB train control system went down at about 8:30 a.m. along a 63-kilometre stretch of railway, affecting six trains, although he said the exact number remained uncertain.

Following the failure, control was transferred to the Atocha control post, where a decision was made to allow the Renfe train to resume its journey.

“The decision to resume traffic without the system having been restored corresponds to the control centre,” Puente said, describing the circumstances as “inexplicable”.

Emergency workers were concentrating on rescuing survivors and recovering bodies from the most severely damaged carriages.

More than 200 members of Spain’s Military Emergencies Unit were deployed to the crash site, while local authorities mobilised food and other essential supplies for those affected.

Footage circulating on social media showed wreckage scattered along a slope, with rescue workers and members of the public gathered around the damaged train.

High-Speed Rail Services Suspended

Spain’s railway infrastructure operator, ADIF, suspended high-speed rail services between Madrid and the southern region of Andalusia following the collision.

The disruption resulted in delays and cancellations, with passengers waiting at railway stations, including Sevilla Santa Justa station.

The Civil Guard also deployed a disaster investigation team to the scene to assist with the investigation into the circumstances surrounding the crash.

Madrid Mayor José Luis Martínez-Almeida said the capital was sending emergency medical teams and firefighters to support rescue operations.

Government, European Leaders React

Spanish Prime Minister Pedro Sánchez said he was shocked by the tragedy and was in contact with Transport Minister Puente and Castilla-La Mancha regional leader García-Page as emergency crews continued their work.

“Shocked by the serious train accident in Toledo. My affection, solidarity, and support to all the victims and their families,” Sánchez said in a post on X.

European Commission President Ursula von der Leyen also expressed her condolences to the victims and their families.

“Today, Europe mourns with you,” she said.

French President Emmanuel Macron expressed solidarity with Spain, saying his thoughts were with the victims, their families, the injured and the emergency workers responding to the disaster.

The crash comes nine months after another accident involving high-speed trains operated by the same companies on the same railway line reportedly killed 46 people.

Journalist Graham Keeley, speaking to Al Jazeera from Spain, said the latest tragedy had come at a difficult time for the Spanish government, with an election expected in just over a month.

He noted that following the January accident, the government had promised to conduct safety checks across the country’s railway network.

The investigation is expected to examine the signalling failure, the decision to resume train movements and the sequence of events that led to the collision.

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France braces for another weekend of protests as authorities launch massive security operation

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France is bracing for yet another wave of protests this weekend with authorities racing to prevent a repeat of the kind of violence and riots that hit the nation last week.

French authorities will be launching a massive security operation with some 70,000 police officers deployed across the country over the weekend, according to the interior ministry.

Specialist SWAT units, helicopters, armored vehicles, police dogs and water cannons will all be part of the operation. On top of that, the number of French army soldiers that normally patrol Paris as part of the country’s counter-terrorism measures will be increased to free the police from stationary guard duties.

Interior Minister Laurent Nuñez issued a stark warning on Friday to anyone looking for trouble, saying the government would be “uncompromising with those who engage in destruction.”

Last week’s violence followed weeks of protests over education, dismal job prospects and the cost of living. Initially peaceful and attended mostly by students, the demonstrations quickly turned into the worst wave of deadly, nationwide violence in years.

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This week, curfews were imposed in some cities to help maintain calm.

Bracing for Saturday

A large demonstration has been called for Saturday afternoon in Paris and French media are expecting hundreds of thousands of people to attend.

The protest is organized by France’s main student union, UNEF, with one of the country’s biggest trade unions, CGT, announcing it would join. Other groups are expected to attend, including farmers, climate activists and the Yellow Vests, the movement that first emerged in 2018 during the protests over fuel costs.

While the protest in Paris has been authorized by the authorities, French President Emmanuel Macron on Thursday banned all non-trade union protests on Saturday as he seeks to control the civil unrest.

But the preparations go well beyond bans and police warnings, especially since last week’s riots sparked criticism of the authorities for not taking the threat seriously enough.

A police officer ties in place a perimeter tape near Chatelet – Les Halles to enforce a curfew, in central Paris on October 20.

A police officer ties in place a perimeter tape near Chatelet – Les Halles to enforce a curfew, in central Paris on October 20.
Simon Wohlfahrt/AFP/Getty Images

The City of Paris announced earlier this week it was clearing public spaces of equipment and materials that could be used to cause damage, including barriers, bins, construction material and other items.

Many of the main tourist sites in the French capital, including world-famous museums like the Louvre, the Musée d’Orsay and the Musée de l’Orangerie will be closed on Saturday.

Art Basel finished the Paris version of its fair on Friday, two days earlier than scheduled. The Paris National Opera cancelled its performances on Saturday, citing the protests as the reason, and at least two dozen metro stations will also be closed for much of the day, according to Paris municipal authorities.

An NFL game between Pittsburgh Steelers and New Orleans Saints is set to take place at the Stade de France just outside of the capital on Sunday. While the match is scheduled to go ahead, a Steelers fan event in Paris was cancelled by the NFL.

During last weekend’s riots, at least two people died and multiple others suffered serious injuries, including two people who lost their hands. French Justice Minister Gérald ​Darmanin said some 2,700 people were held for questioning and 232 have been incarcerated in connection to the riots. (CNN)

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