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Iran-US draft deal enters key 60-day negotiation phase. (Img Internet)
New Delhi: A draft memorandum of understanding (MoU) between Iran and the United States could open the door to a broader agreement on sanctions, regional security and Tehran’s nuclear programme, according to details cited by reports from a senior Iranian official.
The proposed framework is expected to serve as the foundation for negotiations on a comprehensive agreement, with both sides given a 60-day period to finalize key terms after signing the memorandum.
Under the draft proposal, Iran would immediately reopen the Strait of Hormuz to commercial shipping. In return, the United States would begin easing restrictions affecting Iranian ports, with the process reportedly completed within 30 days of the memorandum taking effect.
The proposal also states that Washington would refrain from introducing new sanctions during the negotiation period. If a final agreement is reached, existing US and United Nations sanctions on Iran would be gradually lifted according to a mutually agreed schedule.
The draft outlines several economic provisions aimed at easing pressure on Iran’s economy. Among them is a temporary waiver of oil-related sanctions, allowing Iran to export crude oil and access the resulting revenue.
The proposal also includes plans for the release of approximately $25 billion in frozen Iranian assets through a combination of direct transfers, regional financial cooperation and credit arrangements.
According to the reported framework, the United States and regional partners would work on a reconstruction and development plan for Iran. The details of such an initiative would be negotiated and finalized during the 60-day discussion period.
The objective would be to support economic development while improving broader regional stability and cooperation.
On the nuclear issue, Iran would commit to not producing or acquiring nuclear weapons. During the negotiation phase, Tehran would maintain its current nuclear activities without further uranium enrichment or expansion of nuclear facilities.
The draft also envisions future discussions on managing Iran’s stockpile of highly enriched uranium and other nuclear-related issues. These topics would form a central part of negotiations leading to a comprehensive agreement.
While no final deal has been reached, the draft signals a potential diplomatic opening between the two countries after years of tension and stalled negotiations.
