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Bloomberg releases US-Iran draft agreement
The United States and Iran intend to sign a memorandum of understanding in Switzerland on June 19th with the goal of ending their conflict. The agreement includes provisions related to ceasing hostilities, lifting the maritime blockade, resuming navigation, gradually removing sanctions, and Iran's commitment not to develop nuclear weapons. The memo also calls for negotiations on a final deal within 60 days, along with a plan to restore the Iranian economy and provide financing worth $300 billion, as well as the release of frozen assets. The final agreement requires approval from the Security Council.
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