According to Reuters, citing a senior Iranian official, the proposed memorandum has been prepared as an interim framework, while negotiations on a final agreement are expected to continue over the next 60 days.

Under the draft arrangement, Iran would immediately reopen the Strait of Hormuz to all commercial shipping, while the United States would lift its naval blockade on Iranian ports. The move is considered highly significant for global trade and energy markets, given the strategic importance of the waterway.

On the economic front, Washington has reportedly agreed not to impose any new sanctions on Iran until a final agreement is reached. 

In addition, certain restrictions on Iranian oil exports would be waived for a specified period, allowing Tehran to sell oil on international markets and access the resulting revenues.

The proposed agreement also includes the release of approximately $25 billion in frozen Iranian assets.

According to the Iranian official, the funds could be made available through a combination of direct cash transfers, financial arrangements involving regional countries, and dedicated credit lines.

Regarding the nuclear issue, Iran has agreed that it will neither develop nor acquire nuclear weapons. Tehran would also maintain the current status of its nuclear program until a final deal is concluded, meaning it would refrain from further uranium enrichment and from expanding its nuclear facilities.

The senior Iranian official said the United States has also agreed that Iran may dilute its stockpile of highly enriched uranium within the country.

The mechanism and oversight arrangements for this process are expected to be discussed during the 60-day negotiation period.

Despite the emergence of the draft terms, uncertainty remains over whether a formal signing ceremony for the memorandum and a broader agreement to end hostilities will take place on Sunday.

Conflicting statements have emerged from Washington and Tehran. US President Donald Trump has claimed that an agreement with Iran will be signed on Sunday and described it as a development that could open a new chapter of stability in the region.

However, Iran’s military and the Islamic Revolutionary Guard Corps (IRGC) have rejected that claim, stating that Iranian negotiators have already made clear that no agreement will be signed on Sunday.

Iranian officials argue that President Trump wants the signing ceremony to take place on June 14, coinciding with his birthday, in order to give the event symbolic and political significance.

According to Iranian sources, the move is aimed more at domestic political promotion than at advancing diplomacy.

Analysts say that if the proposed memorandum is ultimately approved, it could significantly reduce tensions between Iran and the United States while also affecting global energy markets, oil prices, and broader stability across the Middle East.

Nevertheless, both sides still face several sensitive and complex issues that must be resolved before a final agreement can be reached.