Iran, U.S. Agree on Framework for Seven-Point Memorandum of Understanding

ME News reported that on June 12 (UTC+8), citing Iran's official state news agency, Tehran and Washington have agreed on a framework for a memorandum of understanding on halting hostilities. The framework comprises seven points: 1) Nuclear file: No change. The memorandum does not cover any nuclear-related agreements, and Iran will not undertake new nuclear commitments. Nuclear talks are to begin within 60 days of signing. 2) Strait of Hormuz: No transfer of management authority and no role for the United States. Iran makes no commitment to hand over Strait management. Future arrangements will be handled as a regional matter through dialogue and joint decision-making between Iran and Oman. 3) A full ceasefire across all fronts, including Lebanon. 4) A clear mechanism to unfreeze Iran's frozen assets. 5) War reparations added to the agenda. 6) Details on lifting primary and secondary sanctions to be negotiated in the final agreement. 7) Three key issues for the final deal to be negotiated within the 60-day period. (Source: ODAILY)