Iran’s Mehr news agency reported Friday that a draft agreement with the United States could pave the way for the release of $24 billion in frozen Iranian assets, alongside a framework for renewed nuclear negotiations and a cessation of hostilities across multiple fronts.

According to sources cited by the agency, the draft stipulates a 60-day negotiation period aimed at reaching a comprehensive accord on Tehran’s nuclear program and the lifting of U.S. primary and secondary sanctions. Half of the blocked funds would reportedly be made available to Iran before talks formally begin.

The memorandum of understanding also includes provisions for a “permanent and immediate cessation of hostilities on all fronts, including in Lebanon.” However, Iran’s state media emphasized that Tehran would retain full control over the strategic Strait of Hormuz, rejecting any commitment to alter its management of the vital waterway.

While the draft text signals potential progress, it remains subject to negotiation and final approval. The reported terms highlight the complex interplay of economic relief, nuclear diplomacy, and regional security at the heart of ongoing U.S.–Iran discussions.