Al Arabiya on Monday obtained a copy of the final draft of a preliminary memorandum of understanding between the United States and Iran.
The two parties have reached a preliminary framework of understanding that includes the following provisions:
Extension of the ceasefire for a period of sixty (60) days, renewable or amendable by mutual agreement
Reopening of the Strait of Hormuz to international navigation, guaranteeing the free passage of commercial vessels and oil tankers without additional transit fees, with the Iranian side committing to take the necessary technical and security measures to ensure the safety of navigation, including the removal of mines and maritime obstacles according to agreed-upon arrangements
Enabling the Islamic Republic of Iran to resume the sale and export of oil within the framework of the interim understandings agreed upon by the two parties
Continuation of negotiations concerning the Iranian nuclear program during the period of de-escalation, with the aim of reaching long-term understandings regarding nuclear activities, monitoring mechanisms, and mutual commitments
In return, the United States commits to easing restrictions on Iranian ports and granting specific sanctions waivers to allow Iran to export oil and resume certain commercial and economic activities
Consideration will be given to suspending or easing some sanctions related to the Iranian oil sector in phases, in accordance with the implementation of mutual understandings and commitments
The necessity of ending military operations and de-escalation on all regional fronts, including the Lebanese arena, will be emphasized, along with working towards establishing a comprehensive regional de-escalation
A period of thirty (30) days will be allocated for implementing the technical and logistical procedures related to restoring freedom of navigation in the Strait of Hormuz and lifting the relevant maritime restrictions
A period of sixty (60) days will be established as the initial timeframe for negotiations concerning the Iranian nuclear programA portion of frozen Iranian assets and funds will be released during the first phase of implementing this understanding, according to a financial mechanism to be agreed upon by both parties
The two parties will continue negotiating the mechanism and timetable for releasing the remaining frozen Iranian assets during subsequent phases of negotiations
Work will be undertaken to restore maritime traffic and the number of vessels transiting the Strait of Hormuz to pre-escalation levels within a period not exceeding thirty (30) days. The Islamic Republic of Iran affirms its commitment to its sovereign rights regarding the Strait of Hormuz in accordance with international law, with the understanding that the relevant detailed arrangements will be discussed in subsequent technical negotiations (This point remains under discussion between the two parties)
The parties will work to gradually lift the restrictions and measures related to the naval blockade within a period of thirty (30) days, in accordance with mutual commitments and agreed-upon verification mechanisms
The two parties continue to discuss security and military arrangements related to the US military presence in the vicinity of Iran within the framework of the ongoing negotiations (This point remains a point of contention between the two parties).
- Al Arabiya