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A Tight Schedule and Overlapping Obligations

According to terms reported by Reuters, Iran committed to quickly reopening the Strait of Hormuz to all commercial traffic, while the United States was to lift its naval blockade of Iranian ports within 30 days of the signing. On the nuclear front, Tehran was to maintain the current status of its program—with no further uranium enrichment or expansion of its infrastructure—pending the negotiation of a final agreement within 60 days.

This tight timeline partly explains the current confusion. A memorandum of understanding is not a final treaty: it is a roadmap open to interpretation, where each side can legitimately claim its own interpretation of the progress made. The problem is that this ambiguity structurally benefits the party with the greatest interest in buying time, and the recent history of Iran’s nuclear program does not speak well of Tehran’s good faith.

The Unfreezing of Assets: The Lifeblood of the Deal

The issue of the $25 billion in frozen assets remains the most sensitive point. Washington has made it clear, through its official quoted in Doha, that these funds will remain frozen until all the conditions of the memorandum are met, and that any release of funds would be strictly limited to the purchase of U.S. agricultural products. This is a way for the U.S. administration to maintain tangible leverage over the Iranian regime, while avoiding accusations of indirectly financing military programs.

This is a clause that has the merit of clarity: if the released funds can only be used to purchase American wheat or soybeans, it is because Washington still has not gotten over decades of Iranian duplicity. I find this caution healthy, almost reassuring, in a matter where naïve optimism has often cost the West dearly.

This content was created with the help of AI.

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