Final negotiations will not begin until half of Iran's frozen assets are released, oil sanctions against Iran are lifted, and the naval blockade is lifted. The final agreement will be made exclusively on the fate of enriched materials and enrichment, the lifting of sanctions, and Iran's economic reconstruction program.
The draft agreement between Iran and the United States stipulates that the United States will lift oil sanctions, while Iran will reopen the Strait of Hormuz, Tehran state television reported today.
According to the Mehr news agency, the 14-point document stipulates that final negotiations will not begin until half of Iran's frozen assets are liquidated, oil sanctions are suspended and the naval blockade is lifted.
On Thursday, United States President Donald Trump said the United States "just made a great deal on the war with Iran," provided that "the paperwork is done," CNBC reports. He stressed that the Strait of Hormuz will be reopened once the agreement is signed.
Global markets rose sharply on Tuesday, buoyed by hopes of a peace deal. At the same time, oil prices fell, with U.S. crude futures for July delivery down 1.61% and Brent crude futures for August delivery down 1.75%.
The 14 points of the US-Iran agreement
According to information published by Tehran, the draft includes the following:
1. Permanent and immediate cessation of war on all fronts, including Lebanon.
2. America's commitment to non-interference in Iran's internal affairs and respect for the sovereignty of the Islamic Republic of Iran.
3. Complete lifting of the naval blockade within 30 days.
4. The US withdraws its forces from the area around Iran.
5. Reopening the Strait of Hormuz within 30 days with Iranian agreements.
6. Suspension of sanctions on the sale of oil, petrochemical products and derivatives and full access to Iran's financial resources.
7. The US and its allies should present reconstruction plans for Iran worth at least $300 billion.
8. 60 days of negotiations to reach a final agreement based on nuclear issues and the full lifting of primary, secondary, US sanctions and resolutions of the UN Security Council and the Board of Governors of the International Atomic Energy Agency.
9. Reaffirming Iran's commitment to the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) not to produce nuclear weapons.
10. During the negotiations, the US has pledged not to increase its forces in the region and will not impose new sanctions.
11. Release $24 billion in frozen Iranian funds during the 60-day period of final negotiations. Half of this amount must be made available to Iran before negotiations begin.
12. Establish a monitoring mechanism for the implementation of the agreement.
13. The final agreement will be approved by a UN Security Council resolution. 14.
Final negotiations will not begin until half of Iran's frozen assets are released, oil sanctions against Iran are lifted, and the naval blockade is lifted. The final deal will be made exclusively on the fate of enriched materials and enrichment, the lifting of sanctions, and Iran's economic reconstruction program. Discussions on Iran's missile program and support for resistance groups have been definitively dropped from the agenda.
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