Details of the US-Iran Draft Agreement Leaked

The 14-point draft agreement between the U.S. and Iran would include reopening of the Strait of Hormuz, Iran's commitment to not develop nuclear weapons, and a $300 billion development fund for Iran, according to the text of the agreement, which appeared to be leaked to CNN. According to CNN, Iran and the U.S. would end the blockades at the Hormuz Strait, and Iran would restore traffic on the Strategic Passageway within 30 days. The U.S. would lift all sanctions against Iran, including those from the United Nations and the International Atomic Energy Agency. Iran committed that it would never produce nuclear weapons. However, the two countries will have to negotiate further over the fate of Iran's enriched uranium. Iran could get a $300 billion development fund if it meets commitments related to its nuclear program in further negotiations. The money will be paid by the U.S. and its regional partners. The draft agreement also sets aside a 60-day window for negotiations between the two sides, to finalize the details.