Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release
By Parisa Hafezi
DUBAI, June 14 (Reuters) – A senior Iranian official told Reuters that the final draft of the memorandum of understanding with the United States covers a range of issues from Tehran’s nuclear work to the reopening of the Strait of Hormuz and a U.S. exemption from oil sanctions, and that the final agreement will be discussed within 60 days of the agreement reached between the two sides.
The Iranian official said the draft memorandum included:
HORUZ STRAIT:
* Iran immediately reopens the Strait of Hormuz to all commercial ships, while the USA lifts the naval blockade on Iranian ports. The lifting of the US blockade will begin immediately after the signing of the memorandum and will be completed within 30 days.
FINANCIAL:
* The US agrees not to impose new sanctions on Iran until a final agreement is reached.
* After the final agreement, all US and UN sanctions against Iran will be lifted according to the agreed upon schedule.
* The USA will waive oil sanctions against Iran for a certain period of time, allowing Tehran to sell oil and generate income.
* The United States agreed to release Iran’s $25 billion in frozen assets through direct cash transfers, cooperation between regional countries and financial credit lines.
* Washington, in coordination with its regional allies, will prepare a reconstruction and development plan for Iran that will be negotiated and agreed upon with Tehran within 60 days.
NUCLEAR:
* Tehran admits it will not produce or acquire nuclear weapons.
* Until the final agreement, Iran will maintain the current status of its nuclear program by refraining from further enriching uranium and expanding nuclear facilities.
* The United States agrees to allow Iran to dilute its highly enriched uranium stockpile on Iranian soil as part of a comprehensive agreement to be signed in the future.
* Iran’s nuclear program, uranium enrichment activities, and mechanisms for processing highly enriched uranium stocks will be negotiated within 60 days of the memorandum and will be addressed in a final agreement.
(Reporting by Parisa Hafezi, Editing by Elaine Hardcastle)
