Hormuz Opening and Uranium Dilution Included in Final US-Iran MOU Draft

Opening the Strait of Hormuz and Easing Oil Sanctions

The final draft of the memorandum of understanding (MOU) to end the war between the United States and Iran reportedly includes the immediate opening of the Strait of Hormuz and Iran's abandonment of nuclear weapons.

Among the Korean vessels trapped in the Strait of Hormuz after the Middle East war, HMM's ultra-large crude oil carrier (VLCC) "Universal Winner," the first to exit the strait, arrived off the coast of Ulsan on the 10th to unload crude oil and is approaching the buoy, an offshore crude oil unloading facility. Photo by Yonhap News Agency

According to Yonhap News and major foreign media outlets on June 14 (local time), Iran has pledged to abandon the development and possession of nuclear weapons and to immediately open the Strait of Hormuz to all commercial vessels. Citing senior Iranian officials, foreign media reported that, in return, the United States has agreed to lift the maritime blockade, return a large amount of frozen funds, and grant a waiver on crude oil sanctions.

The final draft of the MOU is also said to include a provision allowing the United States to unfreeze approximately 25 billion dollars (about 3.35 trillion won) of Iranian overseas assets. The return of these funds is expected to be carried out through methods such as cash remittances, the provision of financial credit lines, and cooperation among countries within the region.

Additionally, the United States has agreed to temporarily suspend sanctions on Iranian crude oil, allowing Iran to legally export oil and receive payments. It has also been reported that no additional sanctions will be imposed until the final agreement is reached.

Regarding the nuclear issue, the United States has reportedly agreed to allow Iran to dilute its highly enriched uranium within its own territory. The specific procedures and methods will be discussed in follow-up negotiations over the next 60 days.

In the draft MOU, Iran has pledged under any circumstances not to manufacture or acquire nuclear weapons and has reportedly agreed to halt additional uranium enrichment and nuclear facility expansion until a final agreement is reached.

This content was produced with the assistance of AI translation services.