Diluting uranium, oil sales: What's in the draft US-Iran deal?
Summary
The United States and Iran have drafted a memorandum of understanding to end their ongoing war and resume talks on Iran’s nuclear program. The agreement includes an immediate ceasefire, the reopening of the Strait of Hormuz for commercial shipping, Iran’s commitment to dilute its enriched uranium, and plans to gradually lift some U.S. sanctions.Key Facts
- The draft deal aims for an immediate and permanent stop to military actions between the U.S. and Iran, including in Lebanon.
- Both countries agree to respect each other’s sovereignty and not interfere in internal affairs.
- Iran will dilute its enriched uranium stock as part of the nuclear program negotiations.
- The U.S. will begin lifting some sanctions and end its naval blockade within 30 days after signing.
- The Strait of Hormuz will reopen for commercial shipping, allowing Iran to sell oil again.
- A $300 billion fund will be managed by the U.S. and its allies to help Iran with reconstruction.
- The two sides plan to negotiate a final agreement within 60 days, with a possibility to extend by mutual agreement.
- The deal text is known as the "Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran."
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