US and Iranian negotiators have reached a tentative memorandum of understanding that would extend a ceasefire for 60 days while launching structured talks on Iran’s nuclear program. The draft deal, hammered out around May 28-29, touches on sanctions, compensation for frozen Iranian assets, and navigation rights through the Strait of Hormuz.
Here’s the thing: no deal has actually been signed. The MOU still requires approval from President Donald Trump and formal acceptance from Tehran.
What’s in the draft, and what’s not
The proposal centers on Iran’s nuclear ambitions. Key commitments from Tehran would include restrictions on highly enriched uranium stockpiles and caps on enrichment levels, essentially rolling back some of the nuclear advances Iran has made since the US walked away from the original nuclear deal in 2018.
Sanctions relief is on the table too. The draft addresses compensation for Iranian assets that have been frozen under various sanctions regimes, a longstanding demand from Tehran that previous rounds of negotiation never fully resolved.
