Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release
The final deal would be discussed within 60 days following agreement from both sides
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[DUBAI] A senior Iranian official on Sunday (Jun 14) told Reuters a final draft of the memorandum of understanding with the United States covered a range of issues, from Teheran’s nuclear work to reopening the Strait of Hormuz and US waivers on oil sanctions.
The final deal would be discussed in the 60 days following agreement by the two sides.
The Iranian official said the draft memorandum included the following:
Strait of Hormuz: Iran immediately reopens the Strait of Hormuz to all commercial vessels, while the United States lifts its naval blockade on Iranian ports.
The lifting of the US blockade would begin immediately after the memorandum is signed, and be completed within 30 days.
Financial: The United States agrees not to impose any new sanctions on Iran until a final deal is reached. Following a final agreement, all US and United Nations sanctions on Iran would be lifted according to an agreed timetable.
The United States will also waive oil sanctions on Iran for a specified period, allowing Teheran to sell oil and receive revenue.
Further, the United States agrees to release US$25 billion of Iran’s frozen assets, including via direct cash transfers, cooperation among regional countries and financial credit lines.
Washington, in coordination with its regional allies, would prepare a reconstruction and development plan for Iran, to be negotiated and agreed with Teheran within 60 days.
Nuclear: Teheran agrees that it will neither produce nor acquire nuclear weapons; it also agrees to maintain the nuclear status quo until a final deal is reached, including by not enriching uranium and not expanding nuclear facilities.
The United States agrees to allow Teheran to dilute its highly enriched uranium stockpile on Iranian soil under a future comprehensive agreement.
Iran’s nuclear programme, uranium enrichment activities and mechanisms for handling its stockpile of highly enriched uranium would be negotiated within 60 days of the memorandum and addressed in a final agreement. REUTERS
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