Multiple outlets report that the United States and Iran are preparing to sign a memorandum of understanding and related interim terms in Switzerland on Friday, with the aim of easing tensions linked to Iran’s nuclear activities. According to a near-final draft described by Bloomberg and others, the interim arrangement would allow Iran to begin selling oil immediately, which would represent a significant shift from prior restrictions tied to sanctions and market disruption.
The draft also outlines a major economic package for Iran. Reports say Tehran would be granted access to a $300 billion economic development program as part of the interim terms, while negotiations for a permanent peace agreement continue. In addition, Financial Post reports that the draft includes eventual access to Iran’s frozen assets, though the details are not publicly disclosed in the sources provided.
All descriptions emphasize that the full text of the deal remains undisclosed publicly, and that what is known comes from drafts or reporting. Still, the common elements across accounts center on immediate oil export permission, a large development fund, and possible longer-term relief related to frozen assets.
