The latest
A senior Iranian official gave Reuters the most detailed account yet of what a U.S.-Iran memorandum of understanding would contain — covering the Strait of Hormuz, oil sanctions, frozen assets, and nuclear limits. The official described a draft framework, not a signed agreement.
Details
- Strait of Hormuz: Iran would reopen it immediately to all commercial vessels. The U.S. would lift its naval blockade on Iranian ports.
- Oil sanctions: The U.S. would waive oil sanctions for a set period, allowing Tehran to sell crude and receive revenue.
- Frozen assets: Washington would release $25 billion in Iranian assets through direct cash transfers, regional country cooperation, and financial credit lines.
- New sanctions: The U.S. would impose no additional sanctions on Iran until a final deal is reached.
- Nuclear limits: Tehran would commit to neither producing nor acquiring nuclear weapons, halt uranium enrichment, and freeze expansion of nuclear facilities. A mechanism for diluting its highly enriched uranium stockpile would be negotiated within 60 days.
What to watch
This is Tehran’s account of the draft — not a joint statement. Washington has not confirmed these terms. Any gap between the two sides’ descriptions of the document will define how much of a deal actually exists — and how much remains negotiation.
