"U.S. and Iran Near Preliminary Agreement to Limit Uranium Enrichment to 3.67%"
Consideration of Releasing
$6 Billion to $9 Billion in Frozen Iranian Funds
if a Final Agreement Is Reached
Al Arabiya, a Saudi broadcaster, reported on the 9th local time that the United States and Iran were close to a preliminary agreement centered on limiting uranium enrichment and releasing Iran's frozen assets.
According to the report, the United States proposed that Iran limit uranium enrichment on its soil to 3.67%, and Iran agreed. The United States also demanded that Iran dilute the uranium it has already enriched to 60%. A possible role for a third country in handling the process is also under discussion.
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The return of International Atomic Energy Agency (IAEA) inspectors to Iran is also on the negotiation agenda. The specific scope of the inspectors' mission has not yet been determined. Citing sources, Al Arabiya reported that if a final agreement is reached, the United States would release $6 billion to $9 billion in frozen Iranian funds. The proposed agreement is also said to include reopening the Strait of Hormuz and immediately lifting the naval blockade against Iran.
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