A senior Iranian official speaking to Reuters said that the final draft of the memorandum of understanding with the US covered several issues, including the reopening of the Strait of Hormuz.
A final deal is set to be discussed in the 60 days following an agreement reached by the two sides, the official noted.
The contents of the draft includes:
Tehran immediately reopening the Strait of Hormuz to all commercial vessels, while the US lifts its naval blockade on Iranian ports.
Washington agrees not to impose any new sanctions on Tehran, until a final deal is reached.
The US will also waive oil sanctions on Iran for a certain period of time, allowing it to sell oil and receive revenue.
The US agrees on releasing $25b of Iran’s frozen funds, through a number of ways, including direct cash transfers, cooperation among regional countries and financial credit lines.
On the issue of nuclear activity, Iran agrees that it will neither produce nor gain nuclear weapons
Tehran agrees to maintain the nuclear status quo until a final deal is reached, including avoiding enriching its uranium expanding nuclear facilities
The US agrees that Tehran will dilute its highly enriched uranium stockpile inside Iran, with mechanism to begin this process to be discussed within 60 days
