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US-Iran deal takeaways: reopening the strait of Hormuz, waived oil sanctions and Lebanon
The Guardian • • nation
Key Points:
- The US, Iran, and their allies agree to an immediate and permanent halt to military operations on all fronts, including Lebanon, with Iran expected to control Hezbollah, though Israel retains the right to retaliate against attacks.
- Iran concedes that its enriched uranium stockpile will be destroyed through downblending under IAEA supervision, with further discussions on enrichment to be based on a satisfactory final framework.
- Sanctions relief is directly tied to Iran's compliance with nuclear commitments, meaning Iran will not receive broad sanctions removal simply by signing the agreement.
- The US will immediately issue waivers for Iranian crude oil exports and related services upon signing the memorandum, aiming to improve US visibility over Iranian oil flows and reduce China's discounted purchases.
- Both sides have 60 days, extendable by mutual consent, to negotiate a comprehensive final agreement, with frozen Iranian assets only released after implementation of the agreement's terms; either side can walk away at any time, risking renewed economic pressure.
