Iran Says Draft US Deal Frees $25 Billion and Waives Oil Sanctions
Updated
Updated · Reuters · Jun 14
Iran Says Draft US Deal Frees $25 Billion and Waives Oil Sanctions
3 articles · Updated · Reuters · Jun 14
Summary
$25 billion in frozen Iranian assets would be released under a draft U.S.-Iran memorandum, a senior Iranian official said, alongside a temporary U.S. waiver letting Tehran sell oil and receive revenue.
The draft also pairs immediate maritime steps: Iran would reopen the Strait of Hormuz to commercial shipping, while the United States would start lifting its naval blockade on Iranian ports and finish within 30 days.
On the nuclear file, Tehran would pledge not to produce or acquire nuclear weapons and, pending a final accord, freeze further uranium enrichment and any expansion of nuclear facilities.
A final agreement would be negotiated within 60 days of the memorandum, covering Iran's enrichment program, its highly enriched uranium stockpile, a timetable for lifting U.S. and U.N. sanctions, and a reconstruction plan for Iran.