Iran agrees to not produce or acquire nuclear weapons under MoU, claims report; Tehran yet to confirm signing date

The Islamic Republic of Iran has reportedly agreed to not produce a nuclear weapon or acquire one under the 14-point memorandum of understanding (MoU) expected to be signed digitally on Sunday.

According to news agency Reuters, the MoU covers key sticking points, including Tehran’s nuclear programme, reopening of Strait of Hormuz and sanctions relief.

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While US President Donald Trump has said that the deal will be signed on Sunday, Iran is yet to confirm the signing date as it continues to review the final draft of the MoU.

However, some reports suggested the deal would indeed be signed on Sunday but digitally as both countries will continue to negotiate a final agreement over the next 60 days.

What are the reported terms of the US-Iran MoU?

According to the Reuters report, under the MoU, Iran will not produce or acquire nuclear weapons.

However, the Islamic Republic will maintain its current nuclear programme until a final agreement is negotiated during the 60-day period.

While maintaining its nuclear programme, Tehran won’t be allowed to enrich uranium and expand nuclear facilities.

The already enriched uranium will be diluted inside Iran and both sides will discuss a joint mechanism within the 60-day negotiation period.

The Strait of Hormuz will be reopened for commercial vessels and the US will lift its blockade of Iranian ports.

According to Iranian state media, the US will release USD 24 billion in frozen funds during a 60-day final negotiation period.