TEHRAN, June 14 (STL.News) – A senior Iranian official confirmed that a final draft memorandum of understanding between Iran and the United States includes an oil sanctions waiver, a $25 billion asset release, and strict nuclear limits. The proposed framework intends to pave the way for a final peace agreement within 60 days, according to the official who spoke with Reuters.
The draft agreement marks a significant de-escalation framework aimed at ending the military hostilities that erupted in late February 2026. Brokered by Pakistan as a key mediator, following initial secret talks led by Oman, the proposal establishes a 60-day window to maintain a ceasefire and finalize a permanent peace treaty.
Nuclear Constraints
Tehran has committed to a complete pause on its nuclear expansion, agreeing to neither produce nor acquire nuclear weapons while locking in its current civilian nuclear status quo. Over the 60-day negotiation phase, Iran must dilute its existing highly enriched uranium stockpile inside the country. Verification mechanisms for this process will be finalized during the upcoming talks.
This commitment addresses Washington’s primary security demand by blocking Iran’s short-term path to weaponization. However, key domestic friction points remain. While U.S. officials are pushing for the total dismantling and removal of nuclear material, Iranian officials continue to insist on retaining the material domestically in its diluted form.
Financial Relief
The United States will oversee the release of $25 billion in frozen Iranian assets. This execution will follow a staggered rollout, with up to half of the funds made available immediately before the official talks commence. The capital will flow through direct cash transfers, regional partner mediation, and dedicated international credit lines.
This infusion of capital is designed to provide liquidity to stabilize Iran’s strained wartime economy. By routing these funds through regional banking networks, the deal creates economic incentives for neighboring Gulf states to preserve the peace process. Furthermore, the United States has agreed to freeze all new economic sanctions against Iran for the duration of the 60-day talk window.
Oil Sanctions
The United States will temporarily waive oil and petrochemical export sanctions, permitting Iran to sell crude openly and access the global financial system to collect energy revenues. Global oil markets responded to the diplomatic breakthrough, with Brent crude futures dropping to $87 per barrel and U.S. West Texas Intermediate (WTI) falling to $84 per barrel.
The introduction of Iranian oil back into legal trade channels provides downward pressure on global fuel inflation.
“The United States will waive oil sanctions on Iran for a specified period, allowing Tehran to sell oil and receive revenue,” the official stated.
Security in the Strait of Hormuz
Iran will immediately lift its blockade on the Strait of Hormuz, reopening the vital maritime channel to all commercial transit toll-free. In return, the United States Navy will phase out its maritime blockade on Iranian commercial ports, starting immediately upon the signing of the text and reaching full completion within 30 days.
The reopening of the Strait, the transit point for roughly one-fifth of global oil consumption, is expected to lower war-risk insurance premiums for international shipping lines. This action restores standard global maritime trade routes that had been severely bottlenecked since April.
Regional Ceasefire
The broader framework includes a permanent cessation of hostilities on all fronts, directly tying an end to the fighting between Israel and Hezbollah in Lebanon to this diplomatic roadmap. It also mandates that Washington and its regional allies draft an economic reconstruction and development plan for Iran within the 60 days.
Despite the momentum, domestic and regional resistance threatens the timeline. Israeli Prime Minister Benjamin Netanyahu has rejected the terms, clashing with Washington over demands to curb military operations in Lebanon. Consequently, Israeli forces have continued pre-emptive airstrikes in southern Lebanon despite the imminent draft signing.
