The United States and Iran have drafted a preliminary agreement covering Tehran’s nuclear programme, oil exports, frozen assets, and regional security to halt escalating Middle East conflict.
According to an official who spoke to Reuters, the framework establishes a critical 60-day negotiating window for both nations to finalize terms and secure lasting regional stability.
Under the immediate terms of the draft pact, Iran has committed to reopening the strategic Strait of Hormuz shipping lane to all commercial vessels without delay.
The deal requires Tehran to freeze its current nuclear footprint, halting further uranium enrichment and site expansion while reiterating its commitment never to build nuclear weapons.
In return, Washington will issue temporary sanctions waivers on Iranian petroleum products, granting the country immediate access to vital global energy market revenues.
The agreement faces friction over timing. Iranian state media claims the deal unlocks 24 billion dollars in frozen funds, but US officials insist relief is strictly performance-based.
The diplomatic breakthrough immediately eased global supply anxieties. Brent crude oil prices plummeted 5% on Monday to $83 per barrel, while west Texas intermediate (WTI) trades at $80, both hitting a three-month market low.
