Saudi report outlines draft U.S.-Iran understanding with sanctions relief and nuclear talks

Al-Arabiya English reported Tuesday what it said was a draft memorandum of understanding between Washington and Tehran, laying out sweeping political, security, and economic commitments. According to the document, the United States would grant immediate sanctions waivers for Iranian oil exports and work toward lifting all sanctions as part of a permanent agreement.

The reported text says that once the memorandum is signed, there would be an immediate and permanent end to the war on all fronts, including Lebanon, and both sides would refrain from military actions and threats against each other. Iran and the United States would then negotiate a final deal within 60 days, with the option to extend that period by mutual consent. Each side would also pledge to respect the other’s sovereignty and territorial integrity and avoid interference in internal affairs.

Economically, the draft says Washington would remove the naval blockade on Iran, help restore maritime traffic to previous levels, and allow exports of crude oil, petrochemicals, and related products through sanctions exemptions issued immediately upon signing. It also says the United States and its regional partners would prepare a reconstruction and development plan for Iran worth at least $300 billion, and that frozen Iranian funds and assets would be released as talks advance.

On nuclear issues, the draft reiterates that Iran says it will not produce nuclear weapons, but leaves the fate of enriched uranium and other program-related questions to the final agreement. Until talks are completed, the status quo would remain, meaning Iran would not alter its nuclear position and the United States would not impose new sanctions or increase its regional forces. The document also calls for a monitoring mechanism and says the final deal would be submitted for approval in a binding UN Security Council resolution.