Soon to sail through the Strait of Hormuz again: oil tankers in the Gulf of Oman.Image: Keystone
June 17, 2026, 11:56 amJune 17, 2026, 12:06 p.m
Bloomberg has a copy of the latest draft of the US-Iran peace deal. This is only a draft – and not yet the final deal to be signed. In particular, points 6 (a 300 billion development fund) and 7 (the lifting of all sanctions) will still be a lot to talk about. These are the 14 points.
The Islamic Republic of Iran and the United States, together with their allies in the current war, declare, by signing this Memorandum of Understanding, an immediate and permanent end to the war on all fronts, including Lebanon, and undertake from now on to undertake no hostile acts against each other and to refrain from the threat or use of force against each other. The final agreement will confirm the provisions of this Article and the remaining Articles.
The Islamic Republic of Iran and the United States undertake to respect each other’s sovereignty and territorial integrity and to refrain from any interference in each other’s internal affairs.
The Islamic Republic of Iran and the United States undertake to negotiate and reach a final agreement within a period not exceeding 60 days, which may be extended by mutual agreement.
Immediately upon the signing of this MoU, the United States shall lift the naval blockade, cease any interference or obstruction with the Islamic Republic of Iran, and restore full shipping traffic within a maximum of 30 days; The volume of shipping traffic should correspond to the pre-war volume from the Islamic Republic of Iran. The United States also undertakes to withdraw its armed forces from surrounding areas within 30 days of the conclusion of the final agreement.
By signing this MoU, the Islamic Republic of Iran will take immediate measures to ensure that the traffic of merchant ships from the Persian Gulf to the Oman Sea and vice versa returns to pre-war volumes within 30 days, taking into account the need for Iran’s removal of technical obstacles and mine clearance.
The United States is committed to working with its regional partners to create a bipartisan, comprehensive plan for the reconstruction and economic development of the Islamic Republic of Iran, securing at least $300 billion in financing. The mechanism for implementing this plan will be developed as part of the final agreement within 60 days.
The United States commits to lifting all types of sanctions currently facing the Islamic Republic of Iran, including resolutions of the United Nations Security Council and the Board of Governors of the International Atomic Energy Agency (IAEA), as well as all unilateral US sanctions – both primary and secondary – according to a timetable to be agreed upon as part of the final agreement.
The Islamic Republic of Iran reiterates that it will never produce nuclear weapons. The Islamic Republic of Iran and the United States have agreed that the issue of enriched materials, as well as all other mutually agreed upon issues related to the nuclear field, including Iran’s nuclear needs, will be appropriately addressed in a final agreement; the final agreement will confirm the provisions of this Article.
The Islamic Republic of Iran and the United States agree that they will maintain the status quo pending the conclusion of a final agreement: Iran will maintain the status quo with respect to its nuclear program, and the United States will not impose new sanctions against Iran or increase its military forces in the region.
The United States commits that the United States Department of the Treasury will grant waivers for the export of Iranian crude oil, petrochemical products and their derivatives and all related services, including banking, insurance, transportation services and the like, immediately after the signing of this MOU and until the lifting of sanctions.
The United States commits that as negotiations progress toward a final agreement, frozen or restricted funds and assets of the Islamic Republic of Iran will be released and made fully available. These funds, whether held in the main account or transferred, will be used for all final beneficiary payments determined by the Central Bank of the Islamic Republic of Iran and will be fully available. The United States undertakes to grant all necessary permits and licenses on this basis.
The Islamic Republic of Iran and the United States agree that an implementation mechanism will be established to monitor the successful implementation of the final agreement and future compliance with the obligations thereunder.
Upon signature of this MoU and receipt of assurances regarding the commencement of implementation of Articles 4, 5, 10 and 11 of this MoU and the continued implementation of these steps, the Islamic Republic of Iran and the United States will begin negotiations for a final agreement relating exclusively to the remaining articles.
The final agreement will be adopted by a binding UN Security Council resolution.
An official publication of the document is still pending. This means that the points contained therein could also change. Iran’s Tasnim news agency rejected Bloomberg’s account of the text, saying it was incomplete.