Senior Iranian official to Reuters:
-under draft memorandum with U.S., Tehran agrees that it will neither produce nor acquire nuclear weapons
-U.S. agrees for Tehran to dilute highly enriched uranium stockpile inside Iran, mechanism to be discussed in next 60 days
-Iran to immediately reopen Strait of Hormuz to all commercial vessels, while U.S. will lift naval blockade
-U.S. agrees to release $25 billion of Iran’s frozen assets, including via direct cash transfers, cooperation among regional countries, and financial credit lines