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Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release

newsJun 14, 2026441,583

Iran says a final draft memorandum of understanding with the United States would waive U.S. oil sanctions, impose limits on Iran’s nuclear activities, release frozen Iranian assets and reopen the Strait of Hormuz. The draft would allow Iran to sell oil for a specified period and would include the release of about $25 billion in frozen assets, a senior Iranian official told Reuters. The document is framed as an interim MoU that leaves harder issues to a later comprehensive agreement while keeping Iran’s nuclear program largely at its current status pending that deal. If implemented, the package would reopen the strategic Strait of Hormuz to commerce, free billions for Tehran’s economy and materially shift regional leverage with implications for global oil markets and U.S. alliances.

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