Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release

https://www.reuters.com/business/energy/iran-says-draft-us-deal-includes-oil-sanctions-waiver-nuclear-limits-asset-2026-06-14/

Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release
By Parisa Hafezi
June 14, 2026 5:24 AM CDT

DUBAI, June 14 (Reuters) - A senior Iranian official told Reuters a final draft of the memorandum of understanding with the U.S. covered a ​range of issues, from Tehran’s nuclear work to reopening the ‌Strait of Hormuz and U.S. waivers on oil sanctions, with a final deal to be discussed in the 60 days following agreement by the two sides.

The Iranian official said the ​draft memorandum included the following:

STRAIT OF HORMUZ:
* Iran immediately reopens the ​Strait of Hormuz to all commercial vessels, while the U.S. ⁠lifts its naval blockade on Iranian ports. The lifting of the U.S. blockade would ​begin immediately after the memorandum is signed and be completed within 30 days.

FINANCIAL:
* ​The U.S. agrees not to impose any new sanctions on Iran until a final deal is reached.
* Following a final agreement, all U.S. and U.N. sanctions on Iran would ​be lifted according to an agreed timetable.
* The U.S. will waive oil sanctions ​on Iran for a specified period, allowing Tehran to sell oil and receive revenue.
* The ‌U.S. ⁠agrees to release $25 billion of Iran’s frozen assets, including via direct cash transfers, cooperation among regional countries, and financial credit lines.
* Washington, in coordination with its regional allies, would prepare a reconstruction and development plan for Iran, to ​be negotiated and agreed ​with Tehran within ⁠60 days.

NUCLEAR:
* Tehran agrees that it will neither produce nor acquire nuclear weapons.
* Pending a final agreement, Iran would maintain ​the current status of its nuclear programme, refraining from further ​uranium enrichment ⁠and expansion of nuclear facilities.
* The United States agrees to allow Iran to dilute its stockpile of highly enriched uranium on Iranian soil under a future comprehensive ⁠agreement.
* Iran’s ​nuclear programme, uranium enrichment activities and mechanisms ​for handling its stockpile of highly enriched uranium would be negotiated within 60 days of the memorandum ​and addressed in a final agreement.