Iran and US draft deal includes oil sanctions waiver and nuclear limits

Iran and the United States have taken a significant step toward easing years of tensions, with a draft memorandum of understanding outlining a broad framework for future cooperation on nuclear issues, sanctions relief, trade, and regional security.

Iran and the United States have taken a significant step toward easing years of tensions, with a draft memorandum of understanding outlining a broad framework for future cooperation on nuclear issues, sanctions relief, trade, and regional security. According to a senior Iranian official, the proposed document could pave the way for a comprehensive agreement if both sides approve its terms and successfully complete further negotiations over the next two months.

The draft agreement addresses several of the most contentious issues that have defined relations between Tehran and Washington in recent years. Among its key provisions is a commitment by Iran that it will neither develop nor acquire nuclear weapons. In return, the United States would begin easing economic pressure on Iran through a series of measures designed to restore trade and improve the country’s financial position.

One of the most important elements of the proposal involves the future of the Strait of Hormuz, a strategically vital waterway through which a significant portion of the world’s oil supplies pass. Under the draft, Iran would immediately reopen the strait to all commercial shipping traffic. At the same time, the United States would begin lifting restrictions and military measures affecting Iranian ports. Iranian officials said this process would start as soon as the memorandum is signed and would be completed within 30 days.

The agreement also includes a temporary suspension of new American sanctions. According to the Iranian official, Washington has pledged not to introduce any additional sanctions while negotiations on a final agreement continue. If a comprehensive deal is ultimately reached, existing American and United Nations sanctions would be removed according to a schedule agreed upon by both parties.

Another major component of the draft focuses on Iran’s oil industry, which has been heavily affected by international sanctions. The proposal would allow the United States to grant waivers on oil restrictions for a specific period, enabling Iran to resume larger scale oil exports and regain access to revenue generated from international sales. Iranian authorities view this measure as essential for economic recovery and long term stability.

The draft memorandum also includes plans to release approximately 25 billion dollars in Iranian assets that have been frozen abroad. The funds would become available through a combination of direct transfers, regional financial arrangements, and credit facilities. Iranian officials believe the release of these assets would provide a major boost to the country’s economy and help support development projects.

Beyond sanctions and financial matters, the proposal outlines a broader vision for economic reconstruction and regional cooperation. The United States, working alongside regional partners, would help prepare a reconstruction and development framework for Iran. Discussions on the details of this programme would take place during the sixty day negotiation period following approval of the memorandum.

On the nuclear issue, Iran would maintain its current programme without expanding enrichment activities or constructing additional facilities while negotiations continue. The draft also provides a pathway for dealing with Iran’s stockpile of highly enriched uranium. Under a future comprehensive agreement, Tehran would be permitted to dilute portions of this material within Iran rather than transferring it abroad.

Many of the most sensitive aspects of the nuclear programme remain unresolved and will be addressed during the next phase of talks. Iranian officials said that enrichment limits, monitoring procedures, and the handling of existing uranium stockpiles will form a central part of negotiations leading to a final agreement.

If approved, the memorandum could mark one of the most important diplomatic breakthroughs between Iran and the United States in years. While significant challenges remain before a final settlement is reached, the draft signals a willingness from both sides to pursue a negotiated solution aimed at reducing tensions, reviving economic ties, and bringing greater stability to the region.