The US has reportedly agreed to unfreeze $25 billion in Iranian assets.

Odaily Odaily reported today (June 14), citing a senior Iranian official, that Tehran has agreed not to produce or acquire nuclear weapons under a draft memorandum of understanding reached with the United States. Prior to a final agreement, Iran agreed to maintain the status quo regarding its nuclear program, including refraining from uranium enrichment or expanding its nuclear facilities. The draft agreement includes the US agreeing to Tehran diluting its stockpile of highly enriched uranium, with the relevant mechanisms to be discussed within the next 60 days; the US will waive oil sanctions on Iran for a specific period, allowing Iran to sell oil and generate revenue; Iran will immediately reopen the Strait of Hormuz for all merchant ships, and the US will lift its maritime blockade; the US agreed to unfreeze $25 billion in Iranian assets, including through direct cash transfers, regional cooperation, and credit lines. Furthermore, the draft agreement stipulates that the US will not impose any new sanctions on Iran until a final agreement is reached. (CCTV International News)