US Unveils Iran MoU: 60-Day Hormuz Window, New Uranium Limits And Lebanon Protections

US officials on Wednesday publicly disclosed the contents of a draft memorandum of understanding (MoU) with Iran after several days of secrecy, outlining proposed commitments on Tehran's nuclear programme and maritime security in the Strait of Hormuz.

The text of the draft agreement was read to journalists by US officials. Iran has not yet released its version of the document or publicly confirmed the details disclosed by Washington.

According to the US draft, Iran would be required to meet a new minimum standard for downblending its stockpile of highly enriched uranium.

The provision is aimed at reducing the concentration of enriched uranium held by Tehran, a key issue in international efforts to curb Iran's nuclear programme, according to media reports. The draft also states that US with regional partners will develop a definitive, mutually agreed plan with at least $300 billion for the reconstruction and economic development of Iran.

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While US officials disclosed the existence of the requirement, further technical details of the proposed downblending standard were not immediately made public.

The draft agreement also includes provisions covering maritime traffic through the Strait of Hormuz, one of the world's most strategically important oil shipping routes.

Under the proposal, commercial vessels would receive toll-free passage through the strait for a period of 60 days.

However, the draft does not permanently prohibit the future imposition of transit fees, leaving open the possibility that charges could be introduced after the initial 60-day window.

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