Pakistan, June 14 -- A proposed US-Iran memorandum of understanding outlines major steps on sanctions relief, nuclear restrictions, and the reopening of the Strait of Hormuz. The draft details suggest progress in long-running negotiations, though officials say final agreement timing remains unclear. The development comes amid conflicting statements over whether a signing will take place.

According to a senior Iranian official cited by Reuters, Iran would commit not to develop or acquire nuclear weapons under the framework. The United States would allow Iran to reduce its highly enriched uranium stockpile to lower levels inside the country. Both sides are expected to continue technical discussions over implementation within 60 days.

The ...