US-Iran Near 60-Day Ceasefire Deal to Reopen Strait of Hormuz: Axios
Key Details of the US-Iran Ceasefire and Strait of Hormuz Deal
Overview of the Proposed Agreement
May 23 (Reuters) - The U.S. and Iran are close to signing a deal involving a 60-day ceasefire extension, during which the Strait of Hormuz would be reopened, Iran would be able to freely sell oil and negotiations would be held on curbing Iran's nuclear program, Axios reported on Saturday, citing a U.S. official.
Terms Regarding the Strait of Hormuz
According to the Axios report, during the 60-day period, the Strait of Hormuz would be open with no tolls and Iran would agree to clear the mines it deployed in the strait to let ships pass freely.
US Concessions and Sanctions Relief
In exchange, as part of the proposed deal, the U.S. would lift its blockade on Iranian ports and issue some sanctions waivers to allow Iran to sell oil freely, the report added.
Nuclear Program Negotiations
Iran’s Commitments on Nuclear Activities
The draft agreement also includes commitments from Iran to never pursue nuclear weapons and to negotiate over a suspension of its uranium enrichment program and the removal of its stockpile of highly enriched uranium, the Axios report said.
Verbal Commitments and Concessions
Iran gave the U.S. through the mediators verbal commitments about the scope of the concessions it's willing to make on suspending enrichment and giving up the nuclear material, two sources told Axios.
Further Negotiations and Reactions
Sanctions and Unfreezing of Funds
U.S. would also agree to negotiate over lifting sanctions and unfreezing Iranian funds during the 60-day period, the Axios report said.
Official Responses
The White House did not immediately respond to Reuters' request for comment on the report.
(Reporting by Akanksha Khushi in Bengaluru; Editing by William Mallard and Kim Coghill)
