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2026-05-24 15:53:01

[Iran-US Memorandum of Understanding May Set Deadlines for Subsequent Negotiations] Iran's Tasnim News Agency revealed today (May 24) the contents of a potential memorandum of understanding between Iran and the US, including ending the war on all fronts, Washington waiving sanctions on Iranian oil during negotiations, and restoring the number of ships able to pass through the Strait of Hormuz to pre-war levels within 30 days. The report stated that Iran has not yet accepted any action regarding its nuclear program and set a 30-day deadline for procedures related to the Strait of Hormuz and a 60-day deadline for nuclear negotiations. Furthermore, some of Iran's frozen funds must be released in the first phase. (CCTV)

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