A senior Iranian official confirmed to reporters on June 14 that a final draft of a memorandum of understanding between Iran and the United States has been reached. The proposed agreement outlines a roadmap for addressing Tehran’s nuclear program, the status of the Strait of Hormuz, and the potential easing of U.S. sanctions on Iranian oil and frozen assets, with a final deal to be negotiated within 60 days of the memorandum’s adoption.
Did You Know? The draft agreement includes a provision for the U.S. to release $25 billion of Iran’s frozen assets through a combination of direct cash transfers, international cooperation, and new financial credit lines.
What does the agreement propose for the Strait of Hormuz?
According to the Iranian official, the memorandum requires Iran to immediately reopen the Strait of Hormuz to all commercial vessels upon signing. Simultaneously, the U.S. would initiate the lifting of its naval blockade on Iranian ports, a process slated for completion within 30 days of the agreement’s signing.
How would the financial sanctions be managed?
The U.S. has agreed to refrain from imposing new sanctions on Iran while negotiations for a final deal are underway. Once a final agreement is reached, all U.S. and U.N. sanctions on Iran would be lifted according to a pre-defined timetable. The plan also includes waivers for oil sanctions to allow for revenue generation and a collaborative reconstruction and development plan for Iran, which would be finalized within 60 days.
What are the terms regarding nuclear activity?
Tehran has committed to neither producing nor acquiring nuclear weapons under the draft. Pending a final, comprehensive agreement, Iran would maintain the current status of its nuclear program, which includes pausing further uranium enrichment and the expansion of existing facilities. The U.S. has indicated a willingness to allow Iran to dilute its stockpile of highly enriched uranium on Iranian soil as part of a future comprehensive deal.
Expert Insight: The proposed 60-day window for a final agreement acts as a critical diplomatic bridge. By compartmentalizing immediate de-escalation measures—such as reopening the Strait of Hormuz—from the more complex, long-term discussions on nuclear enrichment and asset release, both parties are attempting to create a sequenced path toward stability rather than demanding an all-or-nothing resolution.
Frequently Asked Questions
What is the timeline for the final deal?
Once the memorandum is agreed upon by both sides, a final deal is to be discussed and negotiated within the following 60 days.
Does the agreement allow for immediate oil sales?
The U.S. would waive oil sanctions on Iran for a specified period following a final agreement, which would allow Tehran to sell oil and receive revenue.
What happens to Iran’s current uranium stockpile?
Under the draft, Iran would maintain its current nuclear status pending a final agreement. The U.S. has agreed to allow for the dilution of Iran’s highly enriched uranium on Iranian soil as part of a future comprehensive agreement.
How do you think these proposed measures will influence regional stability in the coming months?
