US reveals Iran memorandum after days of secrecy

After keeping the details under wraps for several days, senior U.S. officials on Wednesday briefed journalists on a proposed understanding with Iran, offering the clearest picture yet of Washington’s approach to easing tensions and advancing diplomatic engagement with Tehran.

The officials spoke on condition of anonymity to read the draft, which Iran has not released, ahead of a formal signing ceremony set for Friday.

According to the officials, the draft agreement includes a new “minimum” standard for downblending of highly enriched Iranian uranium and has provisions to ensure the “territorial integrity” of Lebanon after Israel’s latest attacks against Hezbollah in Lebanese territory.

In return, the U.S. will move to waive, but not eliminate, some wide-ranging sanctions against Iran once the deal is signed.

The U.S. draft of the agreement also secures toll-free passage of the Strait of Hormuz for only 60 days, and it does not preclude fees in future, the officials said.

The accord, due to be signed Friday in Switzerland, also envisions Iran receiving at least $300 billion to rebuild after the war and says the U.S. would work to end all American and United Nations sanctions imposed on Tehran – if a final agreement addressing Iran’s nuclear program is reached.

The U.S. agreement to immediately allow Iran to sell its oil freely and the offer to eventually lift all sanctions, for instance, represent major concessions that go beyond the terms of Iran’s 2015 nuclear deal with world powers. Trump withdrew America from that pact in his first term, declaring it the “worst deal ever.”

The accord likely will draw intense opposition in Washington, and it appears to be a major setback for Israeli Prime Minister Benjamin Netanyahu, who has come under criticism at home from the media, his opponents and even some allies as details emerge.

Much of the agreement would restore the status quo before the war, including ending hostilities, restarting negotiations between the U.S. and Iran over Tehran’s nuclear program, and reopening the strait, which is a crucial passage for the world’s oil and natural gas and whose closure created a historic energy crisis.

The deal includes an end to the fighting in Lebanon between Israel and the Iranian-backed militia Hezbollah. That is one of the most delicate parts of the agreement because Israel has maintained it will continue to defend itself and to occupy vast swaths of Lebanon. Iran has said Israel must withdraw under the deal, although the leaked versions make no mention of withdrawal.

A person who was briefed on the memorandum of understanding after it was signed and another who viewed a copy beforehand said it largely matched the text of what was published by the Saudi-owned broadcaster Al Arabiya, which reported details of the deal Tuesday. The two people spoke on condition of anonymity because of the sensitivity of the discussions.

Another two officials in the Mideast, who spoke on condition of anonymity for the same reason, also said the versions published by Al Arabiya and Bloomberg broadly matched the final agreement.

DAILYSABAH