An Iranian source told Reuters that under a draft memorandum of understanding between the U.S. and Iran, Tehran has agreed to dilute its enriched uranium stockpile within Iran, through a mechanism to be worked out over the next 60 days. The source also said Iran has committed not to produce or acquire nuclear weapons. According to the same source, Iran will immediately reopen the Strait of Hormuz to commercial shipping, while the U.S. will lift its naval blockade. The source also claimed that Washington will suspend oil sanctions for a set period, allowing Iran to sell oil and receive revenues. Additionally, the U.S. has agreed to release $25 billion in frozen Iranian assets, including direct cash transfers, regional financial cooperation, and credit lines.
This comes after a post by President Trump last night on Truth Social, in which he said the deal is expected to be signed today. According to him, the agreement constitutes a “wall against nuclear weapons” and will ensure Iran will not obtain nuclear weapons — not through self-development, purchase, or any other means. “They no longer want nuclear weapons and will not have them,” Trump wrote. He also sent a clear warning to Tehran, warning that if the deal falls through, the United States also has a military option. He added that with the signing of the agreement, the Strait of Hormuz would be opened to international traffic. He noted that relations between Washington and Tehran were better than under previous administrations, and emphasized that unlike previous agreements, the US will not transfer funds directly to Iran.
Trump also addressed Iran’s enriched uranium stockpile, saying the US would work to collect and destroy it. “At the appropriate time, when the time is right, we will go in and collect the ‘nuclear dust’ buried deep under the mountains, and we will destroy it — in Iran or in the United States.” The president expressed hope for future cooperation with Iran and Middle Eastern countries, while warning again that if the move fails, “we have the ultimate option — one we hope never to use again.”