US and Iran Draft Memorandum Targets Strait of Hormuz and Sanctions Relief

The proposal aims to de-escalate maritime tensions by mandating the immediate reopening of the Strait of Hormuz to commercial traffic, paired with a concurrent end to the US naval blockade on Iranian ports. Under the draft terms, the United States would refrain from imposing new sanctions while granting temporary waivers on oil exports, providing Tehran a critical window to resume sales and stabilize revenue streams.

Financial and nuclear components form the core of the 60-day negotiation window. Washington is prepared to release $25 billion in frozen assets through a combination of direct cash transfers, regional cooperation, and credit lines. In exchange, Tehran commits to maintaining the current nuclear status quo—specifically halting uranium enrichment and facility expansion—and pledges to dilute existing stockpiles of highly enriched uranium. The deal explicitly stipulates that Iran will neither produce nor acquire nuclear weapons, setting a definitive path for follow-up discussions on implementation mechanisms.