TEHRAN, June 14 (Parliament Politics Magazine) – A senior Iranian official confirmed that a final draft memorandum of understanding between Iran and the United States includes an oil sanctions waiver, a $25 billion asset release, and strict nuclear limits, intended to pave the way for a final peace agreement within 60 days.
The proposed interim framework covers critical economic, maritime, and nuclear dimensions to de-escalate recent conflicts that have impacted global markets.
Terms of the Proposed Framework
The draft memorandum includes several key stipulations aimed at stabilizing relations. Tehran agrees that it will neither produce nor acquire nuclear weapons. Pending a final agreement, Iran would maintain the current status of its nuclear program, refraining from further uranium enrichment and expansion of nuclear facilities.
Regarding financial relief, the United States agrees not to impose any new sanctions on Iran until a final deal is reached. The U.S. will waive oil sanctions on Iran for a specified period, allowing Tehran to sell oil and receive revenue. Furthermore, the U.S. agrees to release $25 billion of Iran’s frozen assets, including via direct cash transfers, cooperation among regional countries, and financial credit lines.
“The U.S. will waive oil sanctions on Iran for a specified period, allowing Tehran to sell oil and receive revenue,” the official stated.
Reopening the Strait of Hormuz
The agreement addresses maritime transit, specifically regarding the Strait of Hormuz. Iran will immediately reopen the Strait of Hormuz to all commercial vessels, while the U.S. lifts its naval blockade on Iranian ports. The lifting of the U.S. blockade would begin immediately after the memorandum is signed and be completed within 30 days.
This restoration of standard maritime trade routes is expected to lower war-risk insurance premiums for international shipping.
Framework for Final Agreement
The memorandum serves as an interim roadmap. If officially approved by both leaderships, it triggers a 60-day window to negotiate a permanent, comprehensive peace deal. During this period, Washington, in coordination with its regional allies, would prepare a reconstruction and development plan for Iran, to be negotiated and agreed with Tehran within 60 days.
Additionally, the United States agrees to allow Iran to dilute its stockpile of highly enriched uranium on Iranian soil under a future comprehensive agreement. Iran’s nuclear program, 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.
Following a final agreement, all U.S. and U.N. sanctions on Iran would be lifted according to an agreed timetable.
