TEL AVIV, June 17. /TASS/. The signing of a memorandum of understanding with the US will bring Iran "unprecedented benefits," according to Israel’s television channel N12.

It notes that the memorandum of understanding includes five points concerning significant economic benefits that Iran will obtain. Some will be immediate, some will be provided during negotiations, and some will be provided upon the conclusion of the final agreement. Specifically, according to the broadcaster, the benefit is that the naval blockade and sanctions against the Iranian oil industry will be immediately lifted, and frozen Iranian assets will be unfrozen, provided the negotiating goals are achieved. Furthermore, all sanctions against Iran will be lifted, and a special recovery fund will be created, if a final agreement is signed, the TV channel said about the benefits Tehran could expect.

N12 also published 12 key points of the memorandum. Specifically, four of them relate to the Iranian nuclear program: Iran will reaffirm its commitment to renounce the development and acquisition of nuclear weapons, the US and Iran commit to resolving the issue of disposing of Iran's enriched uranium stockpiles, and the US and Iran will discuss uranium enrichment and Iran's nuclear needs, but Iran will maintain the status quo in its nuclear program as long as negotiations continue. Furthermore, the United States will lift the naval blockade, will not impose new sanctions, and will not increase troop levels in the region during the negotiations, while Iran will take necessary measures to ensure safe and free passage of commercial vessels through the Strait of Hormuz within 60 days, and Iran, the United States, and their allies will cease hostilities, including those in Lebanon.