U.S. Draft Memorandum Would Unfreeze $25 Billion in Iranian Assets, Keep Nuclear Status Quo

The United States reportedly agreed in a draft memorandum to unfreeze $25 billion in Iranian assets, while Iran would maintain the nuclear status quo until a final agreement is reached. According to NS3.AI, the draft also states that Iran would immediately reopen the Strait of Hormuz for commercial vessels. The report describes the terms as part of a draft memorandum and does not indicate whether the arrangement has been finalized.