Bloomberg: Draft shows the U.S. plans to immediately lift Iran's oil exports and promote a $300 billion financing plan

BlockBeats News Message, June 17, according to the final draft of the U.S.-Iran Memorandum of Understanding obtained by Bloomberg: After the agreement is signed, the United States will immediately issue exemptions for Iranian crude oil, petrochemical products, and related financial, insurance, and transportation services, and will promote a financing plan of at least $300 billion to support Iran’s economic recovery, while gradually unfreezing Iran’s overseas assets.

The draft shows that Iran and the United States plan to sign the Memorandum of Understanding in Switzerland on June 19 to end hostilities that have continued since February of this year. Under the agreement, both sides will implement permanent ceasefires on all fronts, including the direction of Lebanon, and pledge not to use force against each other again. The United States also commits to lift the maritime blockade and restore navigation capabilities through the Strait of Hormuz within 30 days, and to withdraw military forces from surrounding areas within 30 days after the final agreement is signed.

In exchange, Iran commits to never develop nuclear weapons, and in the final agreement will address the whereabouts of enriched materials and other nuclear issues, while restoring commercial shipping lanes from the Persian Gulf to the Gulf of Oman. Both sides will negotiate to reach a final agreement within up to 60 days, and the final agreement will be approved through a binding resolution of the United Nations Security Council.

The draft also shows that before the final agreement is reached, Iran will maintain its current nuclear program status, while the United States will not impose new sanctions or strengthen regional military deployments. The United States promises that as negotiations progress, it will push for the gradual unfreezing of Iran’s frozen or restricted assets and restore their use.

However, Trump previously denied that the U.S. would directly provide Iran with $300 billion in funding. Insiders say that the oil-sale exemptions currently understood by the U.S. are mainly limited to Iranian crude oil already loaded onto ships, and do not mean a full resumption of exports.