Again, the official MoU has not been announced, but Iran HAS released what they believe THEY are agreeing to:
TL;DR version: Iran is not agreeing to anything that wasn't already agreed in JCPOA, but if USA will give them $12bn cash up front, they are willing to attend a 60-day series of meetings where they may continue NOT to agree to anything that wasn't already agreed in the JCPOA.
Meanwhile, the Strait will re-open under IRANIAN CONTROL, including "service fees", which are tolls rebranded with a word other than "toll" as a courtesly to allow USA to sell "toll-free" to the American people as if something had been accomplished here.
NO CONCESSION OF ANY KIND has been made on the core issue of Iran's 441kg of near-weapons grade Uranium, which they have NOT agreed to give up or down-blend. They've only agreed to entertain a conversation about USA's desire to see it downblended. For $12bn up front, just to have that conversation.
The art of the deal...
cc:
@Rory_Johnston @CommodMkt
🇮🇷🇺🇸 BREAKING: Iran's Mehr News Agency has released all 14 clauses of the MoU with the U.S.:
1: Permanent and immediate cessation of war on all fronts, including Lebanon.
2: The US commitment to non-interference in Iran's internal affairs and respect for the sovereignty of the Islamic Republic of Iran.
3: Complete lifting of the naval blockade within 30 days.
4: The US commitment to withdraw its forces from around Iran.
5: Reopening of the Strait of Hormuz within 30 days under Iranian arrangements.
6: Suspension of sanctions on the sale of oil, petrochemical products, and derivatives, and full access of Iran to its financial resources.
7: The necessity for the US and its allies to present reconstruction plans for Iran amounting to at least $300 billion.
8: 60 days of negotiations to reach a final agreement based on nuclear issues and the complete lifting of primary, secondary, US sanctions, and UN Security Council and IAEA Board of Governors resolutions.
9: Reiteration of Iran's commitment under the NPT treaty not to produce nuclear weapons.
10: During the negotiation period, the US has committed not to add forces in the region and not to impose new sanctions.
11: Release of $24 billion of Iran's blocked funds during the 60-day final negotiation period. Half of this amount must be made available to Iran before the start of negotiations.
12: Formation of a supervisory mechanism to implement the agreement.
13: The final agreement will be approved by a UN Security Council resolution.
14: Final negotiations will not begin before the release of half of Iran's blocked funds, suspension of Iran's oil sanctions, and lifting of the naval blockade, and the final agreement will only cover the fate of enriched materials and enrichment, lifting of sanctions, and Iran's economic reconstruction plan. Discussions about Iran's missile program and support for resistance groups are definitively removed from the agenda.