The Terms of a Potential Peace Agreement Between the U.S. and Iran Have Been Revealed

US-based media outlet Axios shared details of a possible agreement being negotiated between the US and Iran.

According to the report, the parties plan to extend the current ceasefire for another 60 days and conduct comprehensive talks on energy, maritime trade, and nuclear programs during this period.

According to the draft agreement, the Strait of Hormuz will be reopened, and the US will provide some sanctions waivers to allow Iranian oil easier access to international markets. It was also suggested that the Washington administration would lift the blockade on Iranian ports and take steps to facilitate Iranian oil sales.

The draft agreement allegedly includes a commitment from Iran that it will never develop nuclear weapons. According to Axios, the Tehran government, through intermediaries, has verbally conveyed to the US its willingness to compromise on limiting uranium enrichment activities.

On the other hand, Iranian media denied some claims made in Western sources. Iran’s semi-official Tasnim News Agency reported that news on Saudi Arabian television channels claiming that “Iran offered to halt uranium enrichment above 3.6 percent for 10 years” was untrue.

The Fars News Agency, which is close to Iran, reacted to the New York Times’ report that “Trump exempted Israel from obligations under the agreement.” The report stated that the final version of the agreement would include a commitment from the US and its allies not to attack Iran and its allies, in return for which Iran would promise not to carry out preemptive strikes against the US and its allies. Therefore, Fars argued that the claim that Israel was excluded from the agreement was “baseless.”

According to Tasnim, the agreement covers not only Iran’s nuclear program but also the cessation of conflicts in the region. Accordingly, the goal is to complete the processes aimed at ending the war in Lebanon and lifting restrictions in the Strait of Hormuz within 30 days. A 60-day timeframe is envisioned for the nuclear negotiations.

Iranian media also stated that even if a possible agreement is reached, the situation in the Strait of Hormuz will not immediately return to pre-war conditions. Accordingly, the number of ships passing through the strait is expected to gradually reach pre-war levels only within 30 days.

Another topic highlighted by Tasnim News Agency was the withdrawal of US troops from the region surrounding Iran. The report stated that the Tehran administration demanded a commitment from Washington to reduce its military presence in the region as part of a possible agreement.

*This is not investment advice.