A US-Iran draft agreement lays out a framework for ending hostilities, easing economic restrictions, and addressing Tehran’s nuclear program, according to a copy of the document obtained by CNN.
The 14-point memorandum of understanding has not been officially released. According to reports, the draft was obtained from a U.S. official. A diplomat who reviewed the text during the G7 summit in France confirmed its contents, along with two other diplomatic sources familiar with the negotiations.
A U.S. official said the text reflects an agreement that was digitally signed Sunday by President Donald Trump, Vice President J.D. Vance, and Iranian parliamentary speaker Mohammad Bagher Ghalibaf. The memorandum is expected to be formally signed on Friday in Switzerland, triggering 60 days to negotiate a final agreement.
U.S. officials have described the memorandum as a political document rather than a final deal. They told CNN that some sensitive commitments, particularly those related to Iran’s nuclear program, remain part of separate back-channel discussions.
The White House did not respond to requests for comment on the draft. Iran’s semi-official Tasnim news agency described leaked versions of the document as inaccurate.
Ceasefire aims to end years of confrontation
The draft begins with an immediate and permanent ceasefire between Iran, the United States, and their allies involved in the conflict. Both countries pledge not to threaten or use force against one another and commit to ending hostilities across all fronts, including Lebanon.
The agreement also requires both sides to respect each other’s sovereignty and territorial integrity. It prohibits interference in domestic affairs and establishes a 60-day window for negotiating a final settlement. The deadline may be extended if both parties agree.
Pending a final agreement, Iran would maintain its current nuclear activities without expansion. In return, the United States would refrain from imposing new sanctions or increasing its military presence in the region.
Maritime routes and regional security take center stage
Several provisions focus on restoring maritime traffic and reducing military tensions. The draft calls for the reopening of shipping routes through the Persian Gulf and the Sea of Oman, with commercial traffic returning to pre-war levels within 30 days.
🔴 Al Arabiya English has obtained a copy of the US-Iran memorandum of understanding. The document includes the following key points:
🔴 Iran and the US, together with their allies in the current war, declare upon the signing of this Memorandum of Understanding an immediate and… pic.twitter.com/gbAaB7SOIG
— Al Arabiya English (@AlArabiya_Eng) June 16, 2026
Iran would be responsible for removing mines and addressing technical obstacles affecting navigation. The United States would prevent interference with Iranian shipping and, according to the draft, withdraw forces from surrounding areas after a final agreement enters into force.
The Strait of Hormuz remains central to the proposal. Roughly one-fifth of global oil trade passes through the narrow waterway, making its stability critical for international energy markets.
Economic relief tied to future commitments
The memorandum outlines broad economic incentives for Tehran. The United States and regional partners would create an economic rehabilitation and development plan worth at least $300 billion.
The draft also calls for the gradual removal of sanctions imposed through the United Nations, the International Atomic Energy Agency, and the United States. U.S. authorities would issue waivers allowing exports of Iranian oil and petrochemical products, along with related banking, insurance, and transportation services.
In addition, frozen Iranian assets abroad could be released as negotiations progress. The agreement states that Iran’s central bank would determine how those funds are used.
Nuclear program remains the key challenge
The nuclear issue remains the most sensitive aspect of the negotiations. Iran reiterates in the memorandum that it will never produce nuclear weapons.
However, the future of Iran’s enriched uranium stockpile and other nuclear-related matters would be addressed in a final agreement. Those issues have long been among the main obstacles in negotiations between Washington and Tehran.
The draft establishes an oversight mechanism to monitor implementation and ensure compliance by both parties.
Oversight mechanism sets path to final deal
Article 14 states that any final agreement would be approved through a binding resolution of the United Nations Security Council. Such approval could provide the deal with greater international legitimacy and make its provisions more durable.
If implemented, the memorandum could mark one of the most significant diplomatic breakthroughs between Washington and Tehran in decades.
Yet major questions remain unresolved, including sanctions relief, nuclear oversight, and long-term regional security arrangements. The success of the agreement will ultimately depend on implementation, verification, and continued political commitment from both sides.
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