Another diplomatic dance. A senior Iranian official just spilled the guts of a draft memorandum of understanding with Washington. A massive wishlist. The document lays out a roadmap to pause the nuclear standoff, unlock frozen cash, and get the oil flowing again. They have 60 days to hammer out a final deal once both sides sign.
First, the choke points. Iran immediately reopens the Strait of Hormuz to commercial shipping. In return, the US lifts its naval blockade on Iranian ports. That rollback starts immediately. They have 30 days to finish it.
Money talks. Washington agrees to freeze new sanctions while talks play out. A final pact would eventually wipe out all US and UN sanctions. Meanwhile, Tehran gets a temporary pass to sell oil and pocket the revenue.
Then, the cash. The US unlocks $25 billion in frozen Iranian assets. Think direct cash transfers, regional credit lines, and financial cooperation. Washington and its regional allies will also draw up a reconstruction plan for Iran. They have 60 days to agree on the blueprint.
On the nuclear front, Tehran promises no bombs. They freeze everything. No new enrichment. No expanding facilities. Under a future deal, the US lets Iran dilute its highly enriched uranium stockpile on its own soil. The hard details on enrichment and stockpiles get kicked down the road. They have 60 days to negotiate them. A fragile peace. If it holds.
