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US proposal to Iran includes sanctions relief, oil waivers, reconstruction fund

May 23, 2026, 23:51 GMT+1

Alex Marquardt reported that a US proposal to Iran outlines phased sanctions relief, oil export waivers, and a reconstruction fund under a Memorandum of Understanding that would defer major disputes - including nuclear enrichment - to later talks toward a “final deal.”

“President Trump has made his redlines in negotiations clear. Iran can never have a nuclear weapon, and they must turn over their enriched uranium. Any agreement must contain these items because the President will only accept a deal that puts America First," A White House official said, responding to the report.

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