Iran-US Draft Deal Covers Nuclear Limits, Hormuz Reopening, Sanctions Relief
Iran and the United States have reportedly reached a draft memorandum of understanding covering key issues including Tehran's nuclear program, reopening the Strait of Hormuz, and sanctions relief. Under the draft, Iran would immediately reopen the Strait to commercial vessels while the US lifts its naval blockade within 30 days. The US would waive oil sanctions temporarily, release $25 billion in frozen Iranian assets, and agree not to impose new sanctions until a final deal. Iran commits to maintaining its nuclear status quo and refraining from developing nuclear weapons, with further negotiations planned within 60 days.