A proposed US-Iran memorandum of understanding outlines major steps on sanctions relief, nuclear restrictions, and the reopening of the Strait of Hormuz. The draft details suggest progress in long-running negotiations, though officials say final agreement timing remains unclear. The development comes amid conflicting statements over whether a signing will take place.
According to a senior Iranian official cited by Reuters, Iran would commit not to develop or acquire nuclear weapons under the framework. The United States would allow Iran to reduce its highly enriched uranium stockpile to lower levels inside the country. Both sides are expected to continue technical discussions over implementation within 60 days.
The draft also proposes easing US sanctions on Iranian oil exports for a limited period. This would allow Tehran to resume limited sales and access revenues during the negotiation phase. Washington would also refrain from imposing new economic sanctions until a final agreement is reached.
In addition, the plan reportedly includes the reopening of the Strait of Hormuz for commercial shipping. Iran would lift restrictions while the United States would end its naval blockade in coordination. The agreement also mentions the possible release of up to $25 billion in frozen Iranian assets through financial channels.
However, uncertainty remains over the timing of any signing ceremony. US President Donald Trump has suggested a Sunday signing, while Iranian officials have rejected that timeline. Tehran has accused Washington of pushing symbolic timing, while stressing that negotiations are still ongoing.