Trump administration publishes proposed Iran agreement framework including immediate oil-export waivers and 60-day nuclear talks

President Donald Trump’s administration has disclosed terms of a proposed memorandum of understanding for an Iran agreement that, if adopted, would include immediate waivers tied to Iranian oil exports and a stated 60-day period for nuclear talks, according to Fox News.

Fox News reported that the proposed terms would allow for oil export waivers to take effect immediately under the administration’s framework. The reporting also described the waivers as part of a broader package intended to accompany renewed diplomacy on Iran’s nuclear program.

The administration’s proposal, as described by Fox News, also includes a “development framework” valued at $300 billion. Fox News did not detail how the framework would be structured or who would administer it in its report, and it did not provide a timeline beyond the stated near-term nuclear negotiation period.

In addition to the oil-export waivers and the development framework, Fox News said the administration’s proposed terms call for a 60-day window for nuclear talks. The reporting framed the 60-day period as a specific timeframe within the broader effort to reach an agreement.

The reported proposal was presented by the Trump administration as a draft agreement framework. The legal status of any memorandum of understanding depends on whether it is finalized and whether any related sanctions changes are implemented through the required executive and interagency processes, according to standard practice for U.S. sanctions and diplomatic arrangements.

The administration’s next steps, based on how such frameworks are typically handled, would likely include clarifying the exact conditions for waivers, determining which authorities would be used to implement them, and specifying the deliverables for the 60-day nuclear talks. As of this report, Fox News did not identify the exact implementing offices or the precise negotiating counterparts named in the proposal.

The proposal’s practical implications would depend on the final text and on implementation decisions, including how any oil-export waivers would be monitored and enforced, what compliance requirements would apply, and whether the framework would require additional approvals or statutory action to carry out any sanctions relief.