A senior Iranian official told Reuters that a final draft of the memorandum of understanding between the United States and Iran outlines a broad framework covering energy, nuclear policy, trade routes, and future negotiations.

According to the report, the draft agreement addresses issues ranging from Tehran’s nuclear activities to reopening the Strait of Hormuz, alongside U.S. waivers related to oil sanctions.

The official said the memorandum is structured as an initial framework rather than a fully completed settlement, with a final agreement expected to be negotiated during the 60 days following formal approval by both sides.

If finalized in its current form, the proposal would reportedly include provisions touching on nuclear limitations as well as the release of assets, making the arrangement one of the more expansive diplomatic efforts tied to the recent conflict period.

The inclusion of sanctions waivers highlights the economic dimension of the negotiations, while references to nuclear restrictions suggest that verification and compliance could remain central issues in any future talks.

Supporters of diplomacy would likely point to a broad framework as evidence that negotiations are designed to create room for long-term agreements rather than solve every dispute immediately. Skeptics will probably note that frameworks are often the easy part—implementation tends to be where the real arguments begin.

International diplomacy always sounds straightforward when summarized in a headline. Then someone has to agree on the details.

For now, attention turns to whether both sides move from memorandum language to a final agreement over the coming weeks—and whether momentum can survive the difficult parts still ahead.