Iranian media has released details of a proposed memorandum of understanding between Iran and the United States, outlining steps to end the conflict, reopen the Strait of Hormuz and begin wider negotiations on Tehran’s nuclear programme and sanctions relief.
According to Iran’s state-affiliated Mehr News, the reported 14-point draft provides for the release of $24 billion in frozen Iranian assets during a 60-day negotiation period. The draft has not been independently verified, and neither Iranian nor US officials have publicly confirmed its contents.
Strait of Hormuz to reopen after signing
The reported memorandum proposes that the Strait of Hormuz will be opened on Friday after the agreement is signed.
Mehr News said the draft also calls for the reopening of the key waterway under Iranian arrangements within 30 days. The US naval blockade would also be completely lifted within the same period.
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According to the report, Washington would withdraw forces from around Iran and allow traffic through the Strait of Hormuz to resume under Iranian supervision.
Frozen funds and sanctions relief
Mehr reported that the proposed deal includes the release of $24 billion in frozen Iranian funds during the 60-day talks. Under the draft, half of the amount must be made available before final negotiations begin.
The agreement also reportedly provides for the suspension of sanctions on the sale of Iranian oil, petrochemicals and related exports, allowing Tehran full access to revenues generated through these sectors.
Ceasefire across all fronts
The draft reportedly begins with an immediate and permanent ceasefire on all fronts, including Lebanon. It also includes a US commitment not to interfere in Iran’s internal affairs and to respect the sovereignty of the Islamic Republic.
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During the negotiation period, the United States would reportedly refrain from deploying additional forces to the region or imposing new sanctions.
Nuclear talks limited
One of the most sensitive parts of the reported draft concerns the scope of future negotiations.
According to Mehr, discussions would be limited to enriched uranium, enrichment activities, sanctions relief and economic reconstruction.
Iran’s missile programme and support for resistance groups or allied armed groups are currently excluded from the agenda.
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On the economic front, the draft reportedly emphasizes the presentation of reconstruction projects worth at least $300 billion for Iran. Mehr said the United States and its allies would be required to present these plans as part of the broader framework.
The two sides would then enter a 60-day negotiation period aimed at reaching a final agreement covering Iran’s nuclear programme and the lifting of US primary and secondary sanctions, along with UN Security Council and IAEA-related restrictions.
Iran to reaffirm nuclear commitment
Under the reported framework, Iran would reiterate its commitment under the Nuclear Non-Proliferation Treaty not to pursue nuclear weapons.
Mehr said the negotiations would also address the fate of enriched uranium and enrichment activities as part of the wider settlement.
The report said the contents published by Mehr appear to match a version first released by the outlet on Friday.
World leaders welcome peace framework
The publication of the reported draft comes as regional and international leaders welcomed news of the framework agreement.
Qatar’s prime minister, British Prime Minister Keir Starmer and other officials have publicly endorsed the breakthrough. US President Donald Trump described the agreement as a “great deal,” saying it would bring peace and security to the region and lead to the reopening of the Strait of Hormuz.
However, the contents of the proposed memorandum remain unconfirmed and could still change as both sides move toward formal negotiations.
