The United States and Iran are expected to sign apreliminary memorandum of understanding in Geneva on Sunday, Bloomberg reportedon Friday, citing a Group of Seven (G7) official.
Separately, Iran's Mehr News Agency published a 14-pointdraft memorandum, citing a source close to the Iranian negotiating team.
Mehr said the proposed memorandum also indicates thesuspension of sanctions on Iranian oil exports, petrochemical products, andrelated industries, as well as guarantees for Iran's access to its financialresources.
Iran would reaffirm its commitment under the NuclearNon-Proliferation Treaty (NPT) not to produce nuclear weapons. During theproposed negotiation period, the United States would refrain from expanding itsmilitary presence in the region or imposing new sanctions.
Mehr reported that the draft stipulates that finalnegotiations would not begin until half of the frozen assets are released, oilsanctions are suspended, and maritime restrictions are lifted. It added thatany final agreement would focus on enriched nuclear material, uraniumenrichment activities, sanctions relief, and Iran's economic reconstructionprogram, while excluding discussions on Iran's missile program or its supportfor regional armed groups.
A US official told the outlet that one option under considerationwould involve reducing uranium enrichment levels inside Iran under thesupervision of United Nations inspectors, adding that mediators reached thecurrent draft following talks between a Qatari intermediary and Iranian ForeignMinister Abbas Araghchi, alongside ongoing contacts with US envoys SteveWitkoff and Jared Kushner.
The text has received support from senior Iranian officialsbut has not yet secured final approval from Iran's Supreme Leader, Mojtaba Khamenei,while mediators continue to finalize the document and arrange a signingceremony.
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