Iranian officials reveal draft U.S.-Iran memorandum: Iran pledges not to pursue nuclear weapons and to keep the Strait open; the U.S. will unfreeze assets and grant exemptions from oil sanctions

Svmuu News: According to Reuters, senior Iranian officials stated that, under a draft memorandum of understanding reached with the United States, Tehran has agreed neither to produce nor acquire nuclear weapons. In the draft memorandum, the U.S. agreed to allow Tehran to dilute its stockpile of highly enriched uranium within Iran, with specific mechanisms to be discussed within the next 60 days. Under the draft memorandum, the U.S. will waive oil sanctions against Iran for a specified period, allowing Iran to sell oil and generate revenue. Iran will immediately reopen the Strait of Hormuz to all merchant ships, while the United States will lift its naval blockade. The United States has agreed to release $25 billion in frozen Iranian assets through direct cash transfers, cooperation among regional countries, and financial credit lines. (Jin Shi)