Iran says a draft memorandum of understanding with the United States outlines key political and economic commitments. A senior Iranian official shared details of the proposed agreement with Reuters. The draft covers sanctions relief, nuclear restrictions, frozen assets, and maritime security. However, both sides must still negotiate a final agreement within 60 days.
Draft Agreement Outlines Sanctions and Economic Relief
According to the Iranian official, Tehran would immediately reopen the Strait of Hormuz to commercial shipping. In return, the United States would begin lifting its naval blockade on Iranian ports. The process would reportedly conclude within 30 days of signing the memorandum.
The official also claimed Washington agreed not to impose new sanctions during negotiations. Furthermore, the United States would waive oil sanctions for a specified period. The proposal would allow Iran to resume oil exports and receive related revenues.
The draft also includes the release of $25 billion in frozen Iranian assets. Officials said the funds would become available through direct transfers, regional cooperation, and financial credit arrangements. Additionally, both sides would negotiate a reconstruction and development plan for Iran.
Nuclear Commitments Remain Central to Talks
The Iranian official said Tehran would neither produce nor acquire nuclear weapons under the proposed framework. Until a final agreement, Iran would maintain its current nuclear activities. It would also avoid expanding uranium enrichment or nuclear facilities.
Under a future comprehensive agreement, the United States would permit Iran to dilute its highly enriched uranium inside the country. Meanwhile, negotiators would finalize arrangements regarding uranium stockpiles and enrichment activities during the 60-day negotiation period. Neither Washington nor independent officials have publicly confirmed the reported draft details.
