EXPECTED TERMS OF US-IRAN PEACE DEAL:
1. Extension of Iran War ceasefire for another 60 days
2. Strait of Hormuz reopened for the 60-day period
3. Iran would be able to freely sell oil during the period
4. US would lift blockade on Iranian ports and unfreeze some Iranian funds
5. US would issue some sanction waivers on Iranian oil
6. Draft MOU includes statement that war between Israel and Lebanon would end
7. Negotiations would then be held regarding Iran's nuclear program
The draft MOU includes commitments from Iran to never pursue nuclear weapons, negotiate over a suspension of uranium enrichment, and removal of its highly enriched uranium, US officials told Axios.
The situation remains fluid amid the high-stakes negotiations.
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