Speaking to Tasnim regarding the sanctions-related provisions of the Iran-US memorandum of understanding, the informed source explained on Monday that according to Article 9, during the 60-day negotiations concerning a final agreement, the US has committed not to impose any new sanctions.

Also, under Article 7, the US is committed that following a final agreement (if such an agreement is reached), primary sanctions, secondary sanctions, United Nations Security Council sanctions, and Board of Governors sanctions will be lifted, he added.

The informed source noted that under Article 11, after the signing of the memorandum on June 19, waivers related to the sale of oil, petrochemicals, and their derivatives will be applied. These waivers will cover transportation, sales, insurance, and transactions related to oil sales.

According to the informed source, under Article 8, discussions on the nuclear issue (enrichment and stored nuclear materials) will take place during a 60-day period (extendable).

His comments came after Pakistani Prime Minister Shehbaz Sharif announced that a peace deal had been reached between Iran and the US following weeks of negotiations mediated by Pakistan with support from Qatar, Saudi Arabia, and Turkey. According to Sharif, the agreement provides for the immediate and permanent end of military operations on all fronts, including Lebanon, and is scheduled to be formally signed in Switzerland on June 19.

Iran’s Supreme National Security Council subsequently announced that the finalized MoU would end war and military operations across all fronts and that future negotiations would proceed only after implementation of commitments by the other side. An informed source also said that final amendments proposed by Iran included provisions related to the management of the Strait of Hormuz and guarantees for Lebanon’s sovereignty and territorial integrity.