Tehran drops demands for compensation but seeks sanctions relief and international guarantees under the proposed deal.
Iran has agreed to a long-term freeze on its nuclear program instead of complete dismantling, according to reports. The move replaces earlier demands for financial compensation with requests for economic concessions and international guarantees. Enriched uranium would be transferred to Russia rather than the U.S. under the terms.
The proposal resembles elements of the 2015 JCPOA but avoids full disarmament. Monitoring mechanisms remain unspecified, raising questions about enforcement. The deal also seeks a gradual reopening of the Strait of Hormuz, a critical chokepoint for global oil shipments.
Markets may view the development as a potential easing of geopolitical tensions, though U.S. approval remains uncertain given prior opposition to similar agreements.