A senior Iranian official told Reuters that under the memorandum of understanding, the U.S. agrees to remove oil sanctions on Iran for a defined period, allowing Tehran to sell oil and receive the revenues, according to the report attributed by analyst Asaf Rozentzweig (N12).
A senior Iranian official told Reuters that the U.S. has agreed, as part of the emerging memorandum of understanding (MoU) between Washington and Tehran, to temporarily remove oil sanctions on Iran for a defined period. This would enable Tehran to sell crude oil and receive the proceeds, marking a concrete economic concession in the ongoing indirect negotiations. The report, attributed by N12 analyst Asaf Rozentzweig, adds a specific sanction-relief term to the framework that has been described in recent days as a 60-day stabilization deal involving uranium enrichment limits, maritime security in the Strait of Hormuz, and regional ceasefires.
The claim comes amid a flurry of conflicting reports over the past week. As The Zioneer has reported, a senior US official stated on June 13 that the administration believes a deal is in place, while other reports noted that the agreement still requires approval from Mojtaba Khamenei. Iran's own position has fluctuated: on June 8 an Iranian source told Al Jazeera that unacceptable U.S. changes had been made to the draft, while the new Reuters-based report suggests progress on the core sanctions issue. The detail of a 'defined period' for relief—rather than permanent lifting—may signal a compromise designed to allow verification and further negotiation. No U.S. official has confirmed this specific term, and the report remains attributed to a single Iranian source via Reuters.
Background: The MoU, sometimes referred to as the 'Islamabad Agreement,' has been under discussion for weeks. Earlier reports indicated the U.S. would oversee the removal or destruction of Iran's enriched uranium stockpile, and that the framework would include a full reopening of the Strait of Hormuz. The Israeli security establishment has publicly expressed reservations, though a senior US official said on June 12 that Washington is confident Israel will cooperate. The new sanctions-relief detail, if confirmed, would be the most significant economic incentive offered to Iran in the current round.
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