Proposed Iran-U.S. deal would reopen Hormuz strait and lift oil sanctions, Iran state media says
The draft would allow 60 days of talks, reopen shipping through the Strait of Hormuz and ease sanctions if Iran shows good faith.
- Details of a 14-point draft memorandum of understanding between the U.S. and Iran emerged Friday via Iranian state media, outlining the potential framework to officially end the intense regional conflict.
- The proposal dictates that Iran will reopen the strategic Strait of Hormuz within 30 days, while the U.S. must simultaneously lift its naval blockade and suspend all economic sanctions targeting Iranian oil and petrochemical exports.
- The draft demands heavy financial and military concessions from Washington, including the release of $24 billion in frozen Iranian assets, the complete withdrawal of American forces from around Iran, and a $300 billion Western-led reconstruction plan for the country.
- Tehran has explicitly kept its ballistic missile program and regional proxy networks off the table, though the agreement does allocate a 60-day window to negotiate secondary issues regarding Iran's nuclear enrichment.
- Global financial markets rallied sharply while crude oil prices fell over 3% on the breakthrough, though Iranian officials maintain the text remains a draft and still requires final approval from Supreme Leader Mojtaba Khamenei.
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Iran insists on control of Hormuz under any deal with US
TEHRAN - Iran insisted on Friday on its right to maintain control over the Strait of Hormuz and enrich uranium under any peace deal with the United States, after President Donald Trump said a draft accord was ready.
Iran refuses US pressure on MoU draft until final review: state media
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US and Iran said to have agreed text of interim deal, but Tehran plays down talk of a signing
The United States and Iran have reportedly agreed the text of a memorandum of understanding that would extend their ceasefire, reopen the Strait of Hormuz and open the way to further talks on Tehran’s nuclear programme.
The final draft of the memorandum consists of 14 paragraphs.
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