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

By Parisa Hafezi

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. The lifting of the U.S. blockade would begin immediately after the memorandum is signed and be completed ⁠within 30 days.

FINANCIAL:

* The U.S. agrees not to impose any new sanctions on Iran until a final deal ​is reached.

* Following a final agreement, all U.S. and U.N. sanctions on Iran would be lifted according to an agreed ​timetable.

* The U.S. will waive oil sanctions ‌on Iran for a specified period, allowing Tehran to sell oil and receive revenue.

* The U.S. agrees to release $25 billion ⁠of Iran’s frozen assets, including via direct cash transfers, cooperation among regional countries, and financial credit lines.

* Washington, in coordination with its regional allies, would prepare a reconstruction and ⁠development plan for Iran, to be negotiated and agreed with Tehran within 60 days.

NUCLEAR:

* Tehran ​agrees that it will neither produce nor acquire nuclear weapons.

* Pending a final agreement, Iran would maintain the current status of its nuclear programme, refraining from further uranium enrichment ‌and expansion of nuclear facilities.

* The United States agrees to allow Iran to dilute its stockpile of highly enriched uranium ‌on Iranian soil under a future comprehensive agreement.

* Iran’s nuclear programme, uranium enrichment ⁠activities and mechanisms for handling its ‌stockpile of highly enriched ​uranium would be negotiated within 60 days of the memorandum and addressed in a final agreement.

(Reporting by Parisa Hafezi, Editing by ‌Elaine Hardcastle)

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