"U.S., Iran Agree on Immediate Opening of Strait of Hormuz and Dilution of Uranium Within Iran"

By  Han Sung-hee  | Jun 14, 2026

"U.S., Iran Agree on Immediate Opening of Strait of Hormuz and Dilution of Uranium Within Iran"
▲ Strait of Hormuz

The final draft of a Memorandum of Understanding (MOU) to end the conflict between the United States and Iran includes provisions for the immediate opening of the Strait of Hormuz, Reuters reported on June 14 (local time), citing a senior Iranian official.

Reuters reported that Iran has pledged to abandon nuclear weapons and immediately open the Strait of Hormuz, while the U.S. has agreed in return to lift its maritime blockade, release a large amount of frozen funds, and suspend oil sanctions.

The final draft of the MOU states that Iran has promised to immediately open the Strait of Hormuz to all commercial vessels, and that the U.S. has agreed to fully lift its maritime blockade against Iran accordingly.

The U.S. has reportedly agreed to release $25 billion in Iranian assets that were frozen overseas.

The return of the frozen funds is expected to be carried out through various methods, including direct cash transfers, cooperation between regional countries, and credit lines.

It was also reported that the U.S. has agreed to suspend oil sanctions on Iran for a specific period, allowing Iran to legally sell crude oil and receive the proceeds.

Furthermore, the agreement includes a provision that the U.S. will not impose any new sanctions on Iran until a final agreement is reached.

Regarding Iran's highly enriched uranium, which was one of the biggest points of contention, the U.S. has agreed to a plan to have it diluted within Iranian territory, the news agency reported.

The specific procedures and methods for Iran to dilute the uranium itself will be discussed during a 60-day negotiation period.

Reuters added that Iran has clearly agreed through the draft MOU that it will not manufacture or acquire nuclear weapons under any circumstances, and has decided to maintain the status quo by refraining from additional uranium enrichment or the expansion of nuclear facilities until a final agreement is reached.
※ Please note: This article was translated by AI and may contain errors.