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The Economic Times
The Economic Times
National

Nukes, crude sanctions & frozen assets: Inside the 14-point US-Iran peace agreement

ET Iran United States United Nations Donald Trump Strait of Hormuz Hormuz

Iran's state-affiliated Mehr News agency has published what it says are details of a 14-point draft memorandum of understanding between Tehran and Washington, outlining a framework that would reportedly release $24 billion in frozen Iranian assets, reopen the Strait of Hormuz, require a US military pullback from around Iran and pave the way for negotiations over Tehran's nuclear programme.

The reported document surfaced after US President Donald Trump and Pakistani Prime Minister Shehbaz Sharif announced that a framework agreement had been reached to end the conflict and launch broader talks. Trump said the agreement would help restore shipping through the Strait of Hormuz, a critical artery for global oil supplies.

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