A senior Iranian official told Reuters that under a final draft memorandum of understanding with the US, Tehran agrees that it will neither produce nor acquire nuclear weapons.
This comes shortly after Qatari mediators flew to Tehran this morning to help facilitate a deal.
The official said that the US has agreed in the draft memorandum for Tehran to dilute its highly enriched uranium stockpile inside Iran. The mechanism for this will be discussed over the next 60 days.
The US will also work with regional allies to prepare a reconstruction and development plan for Iran, to be negotiated and agreed with Tehran within those 60 days.
In US President Donald Trump’s original announcement of the deal, posted on Truth Social on Thursday, multiple countries in the region were listed as having approved it, including Israel, Saudi Arabia, and the UAE.
Pakistan and Qatar, both of which have been operational in mediating negotiations between the US and Iran, were also listed.
Until a final deal is reached, Iran has agreed not to maintain the nuclear status quo, including no uranium enrichment or expanding nuclear facilities.
US to release $25 billion in frozen assets, Strait of Hormuz to be reopened
Additionally, the US is set to waive all oil sanctions on Iran for a specified period and will release $25 billion of Iran’s frozen assets, including through direct cash transfers.
This comes a day after Trump claimed that the deal required that “no money will exchange hands,” attempting to further differentiate the deal from the Joint Comprehensive Plan of Action (JCPOA), with Trump accusing then-president Barack Obama of paying “Hundreds of Billions of Dollars” to Iran, “including 1.7 Billion Dollars in green, cold cash.”
The draft also calls for the US to lift its blockade on Iran’s ports and for Iran to reopen the Strait of Hormuz.
