Iran’s government says a final draft memorandum of understanding (MoU) with the United States covers multiple areas, including nuclear limits, sanctions relief, and financial measures, according to a senior Iranian official speaking to Reuters. The proposed framework is set to lead to a final deal to be discussed within 60 days after both sides agree on the MoU. On oil and sanctions, Iran says the draft includes a waiver or suspension of U.S. oil sanctions for a limited period, allowing Iran to sell oil and receive revenue, and it also says Washington would not impose new sanctions until a final agreement is reached. The draft also reportedly provides for the release of $25 billion in frozen Iranian funds, through mechanisms such as direct cash transfers, cooperation among regional countries, and financial credit lines. On maritime issues, Iran says it would immediately reopen the Strait of Hormuz to all commercial vessels, while the U.S. would lift its naval blockade on Iranian ports. On nuclear matters, Iran says it would not produce or acquire nuclear weapons and would maintain a nuclear “status quo,” including avoiding expansion of uranium-enrichment facilities, while the U.S. would agree to steps to dilute Iran’s highly enriched uranium stockpile, with mechanisms to be discussed within the same 60-day window.