The U.S. and Iran have reportedly drafted a memorandum of understanding (MOU) that lays out a 14-point roadmap for easing tensions between the U.S. and Iran.These measures must be implemented before formal negotiations on a final agreement can begin, CNBC reported on Friday, citing Iran’s semi-official Mehr News Agency.Some of the key provisions include:
Lifting of the U.S. naval blockade and the reopening of the Strait of Hormuz by Iran, as per the report.
A $300 billion reconstruction plan for Iran by the U.S. and its allies, and the withdrawal of all American forces from Iran.
A 60-day ceasefire extension, including in Lebanon, during which nuclear negotiations will be held.
Iran would receive a 60-day sanctions waiver allowing it to resume oil exports, with the prospect of broader sanctions relief if it demonstrates good faith in follow-up negotiations.
