The United States and Iran have reached a draft memorandum of understanding that, if finalized, would represent the most significant diplomatic breakthrough between the two countries in over a decade. The 60-day MOU, reportedly drafted on May 28, covers sanctions relief, nuclear compliance, military withdrawal, and the release of approximately $12 billion in frozen Iranian assets currently held in Qatar.
The agreement still requires President Donald Trump’s approval, and Iran is insisting that those frozen assets get released immediately as a prerequisite for further talks.
What’s actually in the deal
The draft MOU is structured as an initial framework, not a final agreement. It sets up a 60-day window during which both sides would negotiate the heavier issues: nuclear program limitations, economic normalization, and military arrangements in the region.
On the US side, the agreement reportedly includes commitments to lift certain sanctions and withdraw military forces. For Iran, the expectation is nuclear concessions, though the specific scope of those concessions remains the core of what would be negotiated during the 60-day period.
