Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release

AI Summary

A senior Iranian official disclosed that a draft U.S.-Iran memorandum covers lifting oil sanctions waivers, nuclear restrictions, asset releases, and reopening the Strait of Hormuz to commercial vessels. The deal aims to end the U.S. naval blockade of Iranian ports and is expected to be finalized within 60 days.

DUBAI, June 14 (Reuters) - A senior Iranian official told Reuters a final draft of the memorandum of understanding with the U.S. covered a range of issues from Tehran’s nuclear work to reopening the Strait of Hormuz and U.S. waivers on oil sanctions, with a final deal to be discussed in the 60 days following agreement by the two sides. The Iranian official said the draft memorandum included the following: STRAIT OF HORMUZ: * Iran immediately reopens the Strait of Hormuz to all commercial vessels, while the U.S. lifts its naval blockade on Iranian ports