DUBAI: Iran has revealed details of a draft memorandum of understanding with the United States, outlining measures related to sanctions relief, nuclear activities, financial assets and the reopening of the Strait of Hormuz as part of efforts to end months of conflict.
According to a senior Iranian official, the draft agreement establishes a framework for broader negotiations that will continue during a 60-day period following the signing of the memorandum. The proposed deal is aimed at reducing tensions and creating conditions for a comprehensive settlement between the two countries.
One of the central provisions focuses on the Strait of Hormuz, a key route for global energy supplies. Under the draft, Iran would immediately reopen the waterway to commercial shipping, while the United States would begin lifting its naval blockade of Iranian ports. The process is expected to start after the agreement is signed and be completed within 30 days.
The draft also includes several economic measures. Iran says Washington has agreed not to impose new sanctions during the negotiation period and would eventually lift US and UN sanctions under an agreed timetable if a final accord is reached. The proposal also includes temporary waivers on Iranian oil exports, allowing Tehran to sell crude oil and access related revenues.
Additionally, the United States would release $25 billion in frozen Iranian assets through a combination of cash transfers, regional financial cooperation and credit arrangements. Discussions on a reconstruction and development plan for Iran are also expected within the next two months.
On the nuclear issue, Iran has pledged not to produce or acquire nuclear weapons. Tehran would maintain its current nuclear activities during the interim period and refrain from further uranium enrichment or expanding nuclear facilities. The future of Iran’s nuclear programme, including uranium enrichment levels and the handling of highly enriched uranium stockpiles, will be negotiated during the upcoming talks.
The draft agreement represents an important step toward a broader diplomatic settlement, though several key issues remain subject to further negotiations.