Iran has pledged to remove all mines and obstacles from the Strait of Hormuz, via Al Arabiya
Canada PM Carney and India PM Modi reviewed progress in bilateral economic cooperation during meeting on sidelines of G7; both expressed satisfaction in talks towards comprehensive economic partnership agreement
US Senior official says Iran can sell oil/fuel immediately after deal is signed, but can only sell oil if they abide by all the points agreed to including not interfering with free flow of navigation in Strait of Hormuz and not obtaining nuclear weapon
Iran has pledged to remove all mines and obstacles from the Strait of Hormuz, via Al Arabiya
Atlanta Fed GDPNow (Q2 2026): 2.8% (prev. 3.3%)
Google (GOOGL) launches Brazos liquid cooling system for data centres
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Implementation
- Negotiations for a final agreement between America and Iran can be extended by mutual consent.
- The Security Council will adopt the final agreement between America and Iran as soon as it is reached.
- Establishing a mechanism to ensure the successful implementation of the memorandum of understanding between America and Iran.
Forces/Nuclear Weapons
- America will withdraw its forces from the vicinity of Iran within 30 days of the final agreement.
- Iran committed in the text of the memorandum of understanding not to acquire nuclear weapons.
Frozen funds
- The memorandum of understanding does not include the release of frozen Iranian funds upon signing.
- The release of Iran's frozen funds will depend on progress towards a final agreement.
Sanctions & Oil sales
- America will not impose new sanctions on Iran during final agreement negotiations
- America will issue exemptions for all services related to the sale of Iranian crude.
- America will issue exemptions for Iranian oil exports immediately after the agreement is signed.
- America will allow Iran to sell oil immediately under the agreement
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