"Under the memorandum, Iran would agree not to develop a nuclear weapon and halt enrichment of uranium for at least 12 years, it said. The US would lift sanctions and release billions of dollars in frozen Iranian assets, and both sides, which have imposed competing blockades in the Strait of Hormuz, would reopen the critical waterway within 30 days of signing."
"US President Donald Trump said he believed Iran wanted an agreement. They want to make a deal. We've had very good talks over the last 24 hours, and it's very possible that we'll make a deal, Trump told reporters in the Oval Office on Wednesday."
"Iran has been pressing to keep Hormuz under its control, through which a fifth of global oil and gas supply passes. The de facto blockade of the waterway threatens to cause a global recession."
Iran is reviewing a US peace proposal aimed at formally ending the conflict while addressing key demands including Iran's nuclear program suspension and reopening the Strait of Hormuz. The proposed 14-point memorandum would require Iran to halt uranium enrichment for at least 12 years, while the US would lift sanctions and release billions in frozen Iranian assets. Both nations would reopen the critical waterway within 30 days of signing. President Trump expressed optimism about reaching an agreement, citing productive talks. The blockade of Hormuz, through which one-fifth of global oil and gas passes, threatens global economic stability. Iran has historically sought to maintain control over the strait and retain its nuclear capabilities.
#iran-us-peace-negotiations #nuclear-program-agreement #strait-of-hormuz-blockade #sanctions-relief #global-energy-crisis
Read at www.aljazeera.com
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