A draft preliminary memorandum of understanding between the United States and Iran outlines plans to reopen the Strait of Hormuz, ease sanctions and extend the current ceasefire, according to a document obtained by Al Arabiya.
The draft framework proposes a 60-day renewable ceasefire between the two sides while negotiations continue over Iran’s nuclear program and regional security issues.
One of the key provisions includes reopening the Strait of Hormuz to international shipping and guaranteeing the free passage of commercial vessels and oil tankers without additional transit fees.
Iran would also commit to removing mines and maritime obstacles and implementing security measures to restore safe navigation in the strategic waterway.
The agreement proposes restoring maritime traffic through Hormuz to pre-escalation levels within 30 days.
Under the draft, the United States would ease restrictions on Iranian ports and provide sanctions waivers to allow Tehran to resume oil exports and certain commercial activities.
The framework also includes phased easing of sanctions on Iran’s oil sector based on compliance with mutual commitments and verification mechanisms.
In addition, part of Iran’s frozen assets would be released during the initial implementation phase, while negotiations would continue regarding the release of remaining funds.
The draft also calls for continued negotiations over Iran’s nuclear activities, monitoring mechanisms and long-term commitments during the de-escalation period.
Regional de-escalation, including an end to military operations on multiple fronts such as Lebanon, is also included in the framework.
However, several issues remain unresolved, including discussions over US military presence near Iran and detailed arrangements related to Iran’s sovereign rights in the Strait of Hormuz.
