Al Arabiya publishes final draft of preliminary memorandum of understanding between the US and Iran

(Patria) - Saudi media Al Arabiya reports that it obtained a copy of the final draft of the preliminary memorandum of understanding between the United States of America and Iran on Monday.

The two parties have reached a preliminary framework of understanding that includes the following provisions:

- Extension of the ceasefire for a period of sixty days, which can be extended or amended by mutual agreement

- Reopening of the Strait of Hormuz for international navigation, guaranteeing free passage for commercial ships and oil tankers without additional transit fees, with the Iranian side committing to taking the necessary technical and security measures to ensure navigation, including the removal of mines and maritime obstacles in accordance with agreed arrangements

- Enabling the Islamic Republic of Iran to continue selling and exporting oil within the framework of temporary agreements reached by the two parties

- Continuation of negotiations on the Iranian nuclear program during the de-escalation period, with the aim of reaching long-term agreements on nuclear activities, monitoring mechanisms, and mutual obligations

In return, the United States of America commits to easing restrictions on Iranian ports and granting special exemptions from sanctions to enable Iran to export oil and continue certain commercial and economic activities.

- Suspension or easing of some sanctions related to the Iranian oil sector will be considered in phases, in accordance with the implementation of mutual agreements and obligations

- The necessity of ending military operations and de-escalating on all regional fronts, including the Lebanese arena, is emphasized, with efforts to establish comprehensive regional de-escalation

- A period of thirty days will be allocated for the implementation of technical and logistical procedures related to restoring freedom of navigation in the Strait of Hormuz and lifting relevant maritime restrictions

- A period of sixty days will be set as the initial timeframe for negotiations on the Iranian nuclear program.

- Part of the frozen Iranian assets and funds will be released during the first phase of the implementation of this agreement, in accordance with a financial mechanism to be agreed upon by both parties.

- The two parties will continue negotiations on the mechanism and timeline for the release of the remaining frozen Iranian assets during the subsequent phases of the negotiations

- Efforts will be made to restore maritime traffic and the number of vessels passing through the Strait of Hormuz to pre-escalation levels within a period not exceeding thirty days. The Islamic Republic of Iran affirms its commitment to its sovereign rights regarding the Strait of Hormuz in accordance with international law, with the understanding that relevant detailed arrangements will be discussed in future technical negotiations (This point remains under discussion between the two parties).

- The parties will work to gradually lift restrictions and measures related to the maritime blockade within thirty days, in accordance with mutual obligations and agreed verification mechanisms.

- The two parties continue to discuss security and military arrangements related to the US military presence near Iran within the framework of ongoing negotiations (This point remains a contentious issue between the two parties).