US-Iran MoU will leave enriched uranium in Iran to be diluted, leaked text reveals

A leaked Memorandum of Understanding (MoU) between Iran and the United States outlines an agreement where Iran's enriched nuclear material will be diluted within the country under the supervision of the International Atomic Energy Agency (IAEA). This approach avoids the physical removal of nuclear material from Iran.

Upon signing the MoU, a mechanism will be established for the United States to release frozen Iranian funds and assets. The leaked text suggests that these funds could be released relatively quickly, without requiring significant preliminary steps. This is detailed in articles 8 to 14 of the memorandum.

The agreement also addresses economic relief and the lifting of sanctions. The US Department of Treasury is set to issue waivers for the export of Iranian crude oil, petroleum products, and derivatives. Furthermore, the US will implement a $300 billion plan aimed at supporting Iran's reconstruction and economic development. The final resolution is intended to be endorsed by a binding United Nations Security Council resolution.

Key provisions of the MoU include a halt to "military operations on all fronts, including in Lebanon" upon signing. It also establishes mutual respect for "sovereignty and territorial integrity" between the US and Iran, with a 60-day timeframe, extendable by mutual consent, for finalizing a deal. Regarding the Strait of Hormuz, the agreement stipulates the immediate lift of the US blockade and Iranian cooperation for the safe passage of commercial vessels without charge.