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Iran-US peace deal to lift sanctions
Iran's Mehr News Agency has revealed a draft memorandum of understanding comprising 14 clauses between Iran and the United States. The document includes fully lifting the American naval blockade within 30 days, suspending sanctions on oil and petrochemical sales, while excluding Iran's missile program from the final negotiations. The agreement also calls for the release of $24 billion of Iranian frozen funds, half of which would be released before the start of the final negotiations. It proposes conducting a 60-day dialogue on the nuclear issue and a comprehensive embargo lift, along with a permanent ceasefire and re-opening of the Strait of Hormuz within 30 days. Iran stipulates that, at the beginning of the final negotiations, half of the frozen funds must be released, and the full naval blockade lifted.
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