All sanctions on Iran are lifted, granting operators immediate open access to acquire new aircraft from abroad without export licenses or US component restrictions. This 14-point MoU, signed 19 June 2026 in Geneva, ends a four-month conflict and mandates permanent ceasefire, nuclear weapons halt, and Strait of Hormuz reopening. Iranian airlines like IranAir and Mahan Air can now legally purchase Airbus, Boeing, and ATR jets, reversing decades of isolation where they relied on intermediaries for used planes. The relief removes bans on transactions with US entities and lifts the naval blockade, enabling spare parts orders and sector revitalization. Final sanctions schedule, including 26-year-old designations, will be agreed within 60 days, potentially tied to nuclear inspection progress.