No nuclear weapons, no new sanctions: Iran and US closer to landmark deal that could unlock Rs 2377762500000 for Tehran

Iran and the United States have reportedly reached preliminary agreement on a memorandum of understanding (MOU) aimed at easing tensions between the two countries. According to a senior Iranian official quoted by media reports, the draft agreement covers several key issues, including Iran’s nuclear program, oil sanctions, and the reopening of the Strait of Hormuz. The development comes amid ongoing peace talks between Washington and Tehran. If finalized, the deal could lead to major economic relief for Iran, including access to billions of dollars in frozen assets. Officials from both sides are expected to hold further negotiations over the next 60 days before a final agreement is signed.

Draft MOU Covers Key Disputes

The reported MOU includes provisions related to Iran’s nuclear activities and regional maritime security. The agreement is said to outline steps that both countries would take while final negotiations continue. Iranian officials believe the framework could help reduce tensions and create conditions for a broader diplomatic settlement between Tehran and Washington.

Iran Agrees to Limit Nuclear Activities

According to the proposed agreement, Iran has agreed that it will neither build nor acquire nuclear weapons. Tehran has also reportedly committed to maintaining the current status of its nuclear program until a final deal is reached. This includes refraining from further uranium enrichment and avoiding any expansion of nuclear facilities during the negotiation period.

US Offers Sanctions Relief and Asset Release

In return, the United States has reportedly agreed not to impose any new sanctions on Iran while talks continue. Washington is also expected to provide temporary relief from oil-related restrictions, allowing Iran to resume some oil exports. Additionally, reports suggest the US is willing to release up to $25 billion in frozen Iranian assets through cash transfers, regional cooperation mechanisms and financial credit arrangements.

Strait of Hormuz Reopens to Commercial Shipping

Another important development is the reported reopening of the Strait of Hormuz for all commercial vessels. Iranian authorities have reportedly allowed normal shipping traffic to resume, while the United States has lifted its naval blockade around Iranian ports. Officials say discussions on reducing Iran’s stockpile of highly enriched uranium will continue during the next phase of negotiations, with a final agreement expected to be discussed within 60 days.