
The reported framework pairs temporary oil sanctions relief and access to frozen assets with limits on Iran’s nuclear program, including talks within 60 days on diluting highly enriched uranium and reopening the Strait of Hormuz.
A draft memorandum between the United States and Iran would commit Tehran to neither produce nor acquire nuclear weapons while pairing nuclear limits with sanctions relief and asset access, according to Reuters reports cited by Jinshi via PANews on June 14. The reported framework says the United States would discuss within 60 days a mechanism for diluting Iran’s highly enriched uranium stockpile, waive oil sanctions for a set period, reopen the Strait of Hormuz to merchant shipping, lift the maritime blockade, and release $25 billion in frozen Iranian assets. Until a final agreement is reached, Iran would maintain the nuclear status quo, including no uranium enrichment and no expansion of nuclear facilities, while the United States would impose no new sanctions.