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On Wednesday afternoon, senior U.S. administration officials finally read the text of a memorandum of understanding with Iran, days after it was digitally signed. The 14-point plan gives the United States and Iran a 60-day runway to figure out a long-term deal to end the ongoing military conflict. On a call with reporters, officials described the MOU as an important step but not a bailout.

“It commits us to quite literally nothing,” one official said. “But of course, if the Iranians do a lot of good, then we want to reward that good behavior and transform their relationship with the Middle East and the world.”

Originally published on api.realclear.com, part of the BLOX Digital Content Exchange.

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