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

Peloni:  Are these the terms of Trump’s deal with Iran?  Probably not.  Afterall, should we trust Iran, the masters at manipulation and negotiation which they are, to tell us the truth about anything?  No, we should not.  Notably, while it is in Trump’s interest to maximize the success of his deal going into the US midterm elections no matter the reality, the Iranians’ interest lie in shading the deal as a US surrender, again, no matter the reality.  But such as we are hearing now, the terms are described below by Iran, and they are pretty devastatingly dispiriting.  You can expect the attempt to link Lebanon to the Iran deal, which is not included in the essay below to be a major point of contention, but Netanyahu will have a difficult time accepting such linkage, and Washington should stop supporting the Iranian myth that Lebanon is Iranian territory.  It isn’t, and if it is, let us drop all pretense and bring the war to Beirut in full measure.

By | Reuters | June 14, 2026

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.

 

-Fully opening the Strait of Hormuz immediately

-U.S. to lift naval blockade within 30 days

-No new sanctions imposed while negotiations continue

-The U.S. will suspend current sanctions, allowing Iranian oil to be openly sold

-$25 billion in Iranian assets to be unfrozen, including direct cash transfers

-Formation of an economic development and reconstruction plan

-Iran agrees it will neither produce nor acquire nuclear weapons

-Fate of the nuclear program, including stockpile of highly enriched uranium, to be negotiated and finalized within 60 days

-Full sanctions relief following a final agreement in 60 days

June 14, 2026 | 1 Comment »

Leave a Reply