A senior Iranian official told Reuters that a draft memorandum with the U.S. covers issues including Iran’s nuclear programme, reopening the Strait of Hormuz, and U.S. waivers on oil sanctions, with further negotiations expected within 60 days of an initial agreement.
According to a senior Iranian official, the draft memorandum states that Iran would immediately reopen Hormuz to all commercial vessels, while the United States would lift its naval blockade on Iranian ports. The lifting of the blockade would begin immediately after signing and be completed within 30 days.
The proposal says Washington would not impose any new sanctions on Iran until a final agreement is reached. It also includes a temporary waiver of oil sanctions, allowing Tehran to export oil and receive related revenues.
Following a final deal, all U.S. and UN sanctions on Iran would be lifted according to an agreed timetable. Washington, in coordination with regional allies, would also prepare a reconstruction and development plan for Iran, to be negotiated with Tehran within 60 days.
In addition, the U.S. would release $25 billion in frozen Iranian assets through a combination of direct cash transfers, cooperation among regional countries and financial credit lines.
Under the draft, Iran would agree not to produce or acquire nuclear weapons and would maintain the current status of its nuclear programme while negotiations continue.
This would include refraining from further uranium enrichment and not expanding nuclear facilities until a final deal is reached.
The United States would also 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.
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U.S. President Donald Trump said on Wednesday that he had a "very good" conversation with Indian Prime Minister Narendra Modi during the G7 summit in France, adding that Washington and New Delhi were working on trade agreements despite recent strains in bilateral ties.
Germany's failure to secure a United Nations Security Council seat has exposed growing questions about its diplomatic influence and moral authority, highlighting the challenges facing Chancellor Friedrich Merz as he seeks to redefine Berlin's role in an increasingly fragmented world.
Iran says it is prepared for all scenarios as Tehran and Washington seek to avoid renewed tensions ahead of the planned signing of a memorandum of understanding on a peace deal in Switzerland on Friday.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 17 June, covering the latest developments you need to know.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
Australia's weather bureau warned on Tuesday that an El Niño weather pattern has formed in the tropical Pacific and could intensify in the second half of 2026, becoming one of the strongest events recorded in seven decades.
Pakistan's heavy reliance on imported energy was laid bare by the U.S.-Iran conflict, which disrupted regional supplies, drove up costs and exposed vulnerabilities in the country's energy security. However, a proposed peace agreement now offers hope for economic relief.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
U.S. and Iranian officials said on Sunday they have agreed on a deal to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, possibly leading to lower energy prices once oil shipments resume through the critical waterway.
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