Iran’s Mehr News Agency reported a 14 point draft memorandum of understanding, citing a source close to Iran’s negotiating team. The proposal includes an immediate end to the war on all fronts, including Lebanon, and a US commitment to respect Iran’s sovereignty and avoid interference in its internal affairs.
The draft calls for the complete lifting of the naval blockade and the reopening of the Strait of Hormuz within 30 days under Iranian arrangements. It also proposes the withdrawal of US forces from areas around Iran.
Under the proposal, sanctions on Iran’s oil, petrochemical products and derivatives would be suspended. Iran would regain full access to its financial resources, while the US and its allies would present reconstruction plans worth at least $300 billion.
The agreement outlines 60 days of negotiations on nuclear issues, the lifting of primary and secondary US sanctions, and matters related to UN Security Council and IAEA resolutions. Iran would reaffirm its commitment under the NPT not to develop nuclear weapons.
During the 60 day talks, the US would not deploy additional forces in the region or impose new sanctions. The draft also proposes releasing $24 billion in frozen Iranian funds, with $12 billion available before negotiations officially begin.
A monitoring mechanism would be created to oversee implementation, with final approval through a UN Security Council resolution. The draft says final negotiations cannot begin until half of Iran’s frozen funds are released, oil sanctions are suspended and the naval blockade is lifted.
The proposed agreement would focus only on enriched nuclear materials, enrichment activities, sanctions relief and economic reconstruction. Iran’s missile program and support for resistance groups would be excluded from the negotiations. Iran’s Foreign Ministry spokesperson said the text still requires review and approval by relevant institutions.
Update: EKHBARIYA reports Iran demands a pact with the U.S. be signed in a European country for international status. A G7 official said the US and Iran could sign a memorandum of understanding as early as Sunday in Geneva.
U.S. stock index futures are trading higher, with Dow futures up 0.87%, S&P 500 futures gaining 0.67%, Nasdaq 100 futures rising 0.58%, and Russell 2000 futures leading with a 1.02% advance.
At the same time, U.S. Treasury yields are moving lower, while oil prices have dropped sharply. WTI crude futures are down 4.48% and Brent crude futures are down 4.55%, helping support risk appetite across equity futures markets.
BBW News Desk is the editorial team of BigBreakingWire, a digital newsroom focused on global finance, markets, geopolitics, trade policy, and macroeconomic developments.
Our editors monitor government decisions, central bank actions, international trade movements, corporate activity, and economic indicators to deliver fast, fact-based reporting for investors, professionals, and informed readers.
The BBW News Desk operates under the editorial standards of BigBreakingWire, prioritizing accuracy, verified information, and timely updates on major global developments.
