Trump unveils Iran framework: oil waivers, a $300B development plan, and a 60-day window
The Trump administration publicly outlined a memorandum of understanding with Iran that would grant immediate waivers for Iranian oil exports, a framework for at least $300 billion in reconstruction and development if a final nuclear deal is reached, and a 60-day negotiation period with no new sanctions, while deferring key nuclear details and tying sanctions relief to Tehran's compliance; the plan also envisions continued Hormuz transit rights and robust verification mechanisms, with a signing ceremony planned for Friday.