$300 billion, sanctions relief, Hormuz reopening: What Iran gets, what US gains from deal
What Iran stands to gain Relief from sanctions, economic recovery Access to frozen assets $300 bn for reconstruction Removal of US naval blockade Security assurances
What Iran stands to gain Relief from sanctions, economic recovery Access to frozen assets $300 bn for reconstruction Removal of US naval blockade Security assurances, reduced military pressure Nuclear negotiations without immediate escalation What US stands to gain Limits on Iran’s nuclear programme Hormuz opens Diplomatic alternative to prolonged conflict The US-Iran peace memorandum of understanding (MoU) outlines a sweeping framework aimed at ending military confrontation, opening the Strait of Hormuz, releasing Iran's frozen assets and providing $ 300 billion for reconstrction and opening the door for long-term negotiations.While the agreement still requires a final deal within 60 days, both sides stand to gain significant strategic, economic and diplomatic benefits.The 14-point memorandum of understanding (MoU) signed virtually by US President Donald Trump and Iranian President Masoud Pezeshkian on Thursday sets out a roadmap for ending military hostilities, restoring commercial movement through the Strait of Hormuz and beginning a 60-day negotiation process towards a final agreement on sanctions relief, economic cooperation and Iran’s nuclear programme.However, the parties can still walk away from the memorandum of understanding they are set to sign on Friday, and upcoming talks are likely to focus on the precise sequencing of the steps previewed in the preliminary accord, Reuters reported citing a US official."I think the meeting in Switzerland will be quite critical in order to really see how we get to the next phase," they said."It has to be a situation where both parties... agree on the full magnitude of what both parties are going to do, and then come up with a sequencing agreement on who's going to do what when, and that's really where the crux of the negotiations will go," they added.A major gain for Tehran would be the removal of extensive US and international sanctions. The MoU states that Washington would work towards ending all sanctions, including unilateral US measures and restrictions linked to the United Nations Security Council and the International Atomic Energy Agency (IAEA).The agreement also provides for the issuance of waivers allowing Iranian crude oil exports, petroleum products and related banking, insurance and transportation services to resume."The United States of America undertakes to terminate all types of sanctions against the Islamic Republic of Iran, including the United Nations Security Council resolutions, IAEA Board of Governors resolutions, and all unilateral US sanctions, primary and secondary, in an agreed upon schedule as part of the final deal," the MoU said.For Iran, sanctions relief could unlock access to frozen funds, revive trade and attract foreign investment after years of economic isolation.Under the agreement, the US would make Iran’s frozen or restricted funds and assets available for use once the MoU is implemented.
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