The US has committed to imposing no new sanctions on Iran while negotiations toward a final deal continue, according to Iran’s Tasnim News Agency. The pledge is part of a draft memorandum of understanding between Washington and Tehran that covers everything from nuclear discussions to oil export waivers, with a 60-day window to hammer out the details.
What’s in the draft deal
The draft MoU establishes several key commitments from both sides. The US has agreed to hold off on new sanctions as long as negotiations progress, a concession Iran has demanded since the original JCPOA nuclear deal era dating back to 2015.
Beyond the sanctions freeze, the agreement reportedly includes waivers on certain oil sanctions and the potential release of up to $25 billion in Iranian assets.
The 60-day negotiation window is designed to address three major issues: extending a ceasefire, reopening the strategic Strait of Hormuz, and tackling Iran’s nuclear program. The Strait of Hormuz alone handles roughly a fifth of the world’s daily oil supply, making its status a matter of global economic concern, not just regional politics.
