Iran Says US Agreed to Pause New Sanctions Until Final Deal
Summary
- A senior Iranian official said a draft memorandum of understanding (MOU) with the US includes a provision barring new sanctions until a final agreement is reached.
- Iran has previously said the draft includes the release of $25 billion in frozen Iranian assets, the reopening of the Strait of Hormuz and the lifting of the blockade against Iran.
- Markets are interpreting the pause in additional sanctions as a confidence-building measure aimed at preventing tensions from escalating during the negotiations, with attention focused on whether a final deal will be signed.
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As US-Iran talks enter their final stage, Tehran said Washington agreed not to impose any new sanctions until a final agreement is signed.
Walter Bloomberg reported on June 14 that a senior Iranian official said a draft memorandum of understanding with the US includes a provision stating that no new US sanctions will be imposed until a final deal is reached.
The comments came as the two sides work through final differences over Iran’s nuclear program, sanctions relief and the Strait of Hormuz.
Iran has previously said the draft also includes the release of $25 billion in frozen Iranian assets, the reopening of the Strait of Hormuz and the lifting of the blockade against Iran.
The US government has not officially confirmed those terms. President Donald Trump said on June 13 that an agreement between the two countries was effectively in its final stage and could be signed soon.
Iran, however, has maintained that no final agreement has been concluded.
Markets are interpreting the pause in additional sanctions as a confidence-building measure meant to prevent tensions from escalating during the negotiations, with focus on whether a final deal is signed.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
