Saudi channel Al Arabiya reported on Tuesday that it has published what it describes as the full memorandum of understanding between Washington and Tehran. The draft, if it reflects the final deal, would trade an end to hostilities for sweeping concessions to Iran, including a total US military withdrawal from the region, hundreds of billions of dollars for Iran’s reconstruction, and the lifting of all sanctions in return for a vague promise to prevent a nuclear bomb.
According to the document, the sides agreed to halt fighting on every front, including Lebanon, and Iran would ensure freedom of navigation in the Strait of Hormuz. In exchange, Tehran would get major sanctions relief and a path back to the global oil market. The arrangement is presented as interim understandings meant to buy time, with a 60-day ceasefire that can be renewed or changed by mutual agreement and an immediate end to military activity as the first step toward broader regional de-escalation.
The draft says Iran would clear mines and other maritime obstacles in Hormuz and guarantee safe passage for oil tankers and commercial ships without extra fees. Tehran would take full responsibility for the technical and security work needed to reopen the waterway, with the aim of restoring traffic to pre-escalation levels within 30 days. Iran also insists that its sovereign rights in the strait remain intact under international law.
The US would provide specific sanctions waivers so Iran could export oil and resume economic activity, while partially releasing frozen Iranian assets and funds in the first phase through an agreed financial mechanism. The sides would also work over 30 days to gradually remove restrictions on Iranian ports under mutually accepted verification mechanisms. At the same time, they would negotiate intensively for 60 days on nuclear activity, inspection rules and reciprocal commitments, but the draft admits that major disputes remain, especially over US military presence near Iran.
