ByREUTERSJUNE 14, 2026 13:09Updated: JUNE 14, 2026 13:13A senior Iranian official told Reuters that under the draft memorandum of understanding with the US, Tehran agrees that it will neither produce nor acquire nuclear weapons.This comes shortly after Qatari mediators flew to Tehran this morning to help facilitate a deal.The official said that the US has agreed in the draft memorandum for Tehran to dilute its highly enriched uranium stockpile inside Iran. The mechanism for this will be discussed over the next 60 days.Additionally, the US is set to waive all oil sanctions on Iran for a specified period of time, the Strait of Hormuz will be reopened, and the US will release $25 billion of Iran's frozen assets, including via direct cash transfers.This is a developing story.Follow us on Google