What's inside the memorandum of understanding, according to a senior Trump admin official just now:
1. The reopening of the Strait of Hormuz and lifting the US blockade on Iranian ports.
2. The dismantling of Iran’s nuclear program, including the US obtaining Iran’s enriched material, which the official said would be destroyed on site and then taken out of the country.
3. Iran would be “relieved of a lot of the economic pressures that they’ve been under for many, many years” if the country complies with the deal’s provisions. “Those benefits only accrue if they actually deliver,” the official said.
The question of Iran’s financial relief has been a major sticking point in the talks between the US and Iran. The official was insistent such relief would only be forthcoming after Iran takes steps toward compliance.