Draft US Iran Memorandum Outlines Nuclear and Sanctions

A draft memorandum of understanding between the United States and Iran outlines proposed steps on sanctions relief, nuclear commitments and regional economic measures, according to a senior Iranian official.

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According to the official, both sides would negotiate a final agreement within 60 days after endorsing the memorandum. The draft covers Iran’s nuclear programme, the future of the Strait of Hormuz and broader economic arrangements.

Strait of Hormuz and Sanctions Measures

Under the proposal, Iran would immediately reopen the Strait of Hormuz to commercial vessels. In parallel, the United States would begin lifting its naval blockade on Iranian ports and complete that process within 30 days.

The official also said Washington would avoid imposing new sanctions during the negotiation period. Following a final agreement, the United States and the United Nations would remove sanctions according to a mutually agreed timeline.

In addition, the draft includes temporary waivers on Iranian oil sanctions. Those measures would allow Tehran to resume oil exports and access related revenues.

The proposal also includes the release of $25 billion in frozen Iranian assets through cash transfers, regional cooperation arrangements and financial credit mechanisms. The United States and regional partners would separately prepare a reconstruction and development framework for Iran.

Nuclear Commitments and Next Steps

On nuclear issues, Iran would commit not to produce or acquire nuclear weapons under the proposed framework. Until negotiators reach a comprehensive agreement, Tehran would maintain current nuclear activity levels and avoid additional uranium enrichment or expansion of nuclear facilities.

The draft also proposes that the United States allow Iran to dilute its stockpile of highly enriched uranium inside the country under a future agreement. Negotiators would address enrichment levels, uranium management and implementation details during the 60-day negotiation period.

Officials have not yet announced final approval of the proposed memorandum.