A draft agreement between Iran and the United States outlines a tentative framework for a ceasefire between the long-time rivals. The 14-point memorandum of understanding reportedly includes reopening the Strait of Hormuz and limited financial relief for Iran.
Tehran commits that it will not develop nuclear weapons, and the US would allow Iran to resume exports of oil and petrochemical products.
The proposed terms also include Iran gaining access to a potential $300 billion development fund, provided it meets conditions linked to its nuclear program in ongoing negotiations.
The draft does not specify the fate of Iran’s stockpile of highly enriched uranium, leaving one of the most sensitive issues unresolved.
The proposed agreement includes 14 key points, including an immediate and permanent ceasefire, respect for sovereignty and territorial integrity, and the lifting of the naval blockade.
Both countries agree to work towards a final agreement within 60 days, with the option to extend if both sides agree.
