"Washington sent Iran a 14-point document earlier this week. Under its proposals, Iran would be required to agree not to develop a nuclear weapon and halt all enrichment of uranium for at least 12 years. It would also be required to hand over an estimated 440kg (970lb) stock of uranium, which it has enriched to 60 percent. In return, the US would gradually lift sanctions and release billions of dollars in frozen Iranian assets and withdraw its naval blockade of Iranian ports."
"Both sides, which are currently engaged in a naval standoff in the Strait of Hormuz, would reopen the critical waterway within 30 days of signing. Iran has been subject to crippling US sanctions for decades. The lifting of some of these under a 2015 nuclear agreement drawn up with the former Obama administration, five other countries and the European Union, was reversed when Trump unilaterally walked out of the deal in 2018, during his first term as US president."
"Billions of dollars of Iranian assets remain frozen in foreign banks due to the ongoing sanctions. The US proposal follows one submitted by Iran via mediator Pakistan a week ago. Iran has yet to formally respond to the latest US plan. However, Iranian leaders have pushed back against it."
"In a post on his Truth Social Platform late on Thursday, US President Donald Trump called Iran's leadership lunatics and warned Tehran would face more severe military action if it did not quickly agree to a deal. Iran has said it is reviewing a United States peace proposal that seeks to end the war, even as the two sides exchanged fire in the Strait of Hormuz on Thursday."
Iran has not formally responded to a US peace proposal while both sides exchanged fire in the Strait of Hormuz. The United States sent a 14-point document requiring Iran to stop developing a nuclear weapon and halt uranium enrichment for at least 12 years, including handing over about 440kg of uranium enriched to 60 percent. In return, the US would gradually lift sanctions, release billions in frozen Iranian assets, and withdraw its naval blockade of Iranian ports. The Strait of Hormuz would reopen within 30 days of signing. Iran previously faced sanctions for decades, and earlier relief under a 2015 nuclear agreement was reversed after the US left in 2018, leaving assets frozen in foreign banks.
#iran-us-ceasefire #nuclear-negotiations #uranium-enrichment #sanctions-and-frozen-assets #strait-of-hormuz
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