ERBIL, Kurdistan Region of Iraq – Tehran's ballistic missile program and support for Iran-aligned armed groups were “definitively removed” from the draft US-Iran memorandum of understanding (MoU), Iranian semi-official media reported on Friday, stressing the text includes compensation for damages inflicted on the country and the release of frozen assets.

On Thursday, US President Donald Trump said that he has "just made a great settlement of the war with Iran" and that the final signing may occur "over the weekend in Europe."

In response, Iranian foreign ministry spokesperson Esmaeil Baghaei said that "Iran has not reached a final conclusion about the agreement," dismissing "media speculations" to the contrary.

However, Iran’s semi-official Mehr news agency, affiliated with the Islamic Revolutionary Guard Corps (IRGC), reported on Friday new details of a possible 14-point Iran-US memorandum of understanding.

Among the points mentioned were “the need for the US and its allies to present reconstruction plans for Iran worth at least $300 billion” and “60 days of negotiations to reach a final agreement based on nuclear issues and the complete lifting of primary and secondary US sanctions.”

Iranian state media on the same day reported that "Iran will negotiate on the nuclear programme solely within the framework of the Islamic Republic's fundamental principles, and issues such as Iran's right to enrich uranium and the retention of enriched material... will be emphasized with a view to their inclusion in the final agreement."

US outlet Axios, meanwhile, reported that the proposed US-Iran MoU would extend the ceasefire "for 60 days, including in Lebanon, while nuclear negotiations are held," require the Strait of Hormuz to reopen "immediately without tolls," and would grant Iran sanctions relief based on compliance.

“The final agreement will be made solely on the fate of enriched materials and enrichment, the lifting of sanctions, and the Iranian economic reconstruction program. Discussions about Iran's missile program and support for resistance groups have been definitively removed from the agenda,” the Mehr report added.

During prior negotiations, Washington had sought to include Iran's conventional missile arsenal on the agenda alongside its nuclear program, as well as Iranian support for armed groups across the Middle East, including Lebanese Hezbollah, Yemen's Houthis, and a host of Shiite armed groups in Iraq.

The report also stressed the need for a “US commitment to withdraw its forces from around Iran” and not to “increase its forces in the region.”

“The final negotiations will not begin before the release of half of Iran's frozen funds, the suspension of Iran's oil sanctions, and the lifting of the naval blockade,” it said.

Iranian restrictions on the Strait of Hormuz following the US-Israeli military campaign that began in late February resulted in spiraling energy prices in the US and Europe, with Washington retaliating by imposing a naval blockade of Iranian ports.

In his Thursday Truth Social post in which he canceled planned strikes on Iran, the president wrote that "the Naval Blockade will remain in full force and effect until this Transaction is finalized."