Iranian officials reveal draft US Iran memorandum involving nuclear weapons restrictions, exemption from oil sanctions, and unfreezing $25 billion in assets

According to Reuters, senior Iranian officials have stated that under the draft memorandum of understanding between the United States and Iran, Tehran has agreed not to produce or acquire nuclear weapons, and the United States has agreed to dilute Tehran's stockpile of highly enriched uranium. The United States will exempt Iran from oil sanctions, Iran will reopen the Strait of Hormuz to merchant ships, and the United States will lift maritime blockades. The United States has agreed to release $25 billion of Iran's frozen assets, Iran has agreed to maintain its nuclear status quo until a final agreement is reached, and the United States has agreed not to impose new sanctions on Iran.