NEW YORK (Realist English). A draft of the 14‑point memorandum of understanding between the United States and Iran, scheduled to be officially signed on June 19 in Switzerland, has been obtained by several international media outlets.
The document, published by CNN, Bloomberg, India Today and others, provides for an immediate ceasefire, the reopening of the Strait of Hormuz, a phased lifting of sanctions, and the creation of a reconstruction fund for Iran of no less than $300 billion.
The White House has not confirmed the authenticity of the published text, but according to CNN, a copy was obtained from a US official, and a diplomat who saw it at the G7 summit in France confirmed its contents. At the same time, US officials call the memorandum a “political document” and insist that key understandings on Iran’s nuclear programme were reached through “back channels” and are not explicitly stated in the text.
14 points: what Washington is offering
The draft memorandum consists of 14 points, setting out the following key provisions:
- Immediate and permanent cessation of war on all fronts, including Lebanon. The parties undertake not to take hostile action against each other and to refrain from the threat or use of force.
- Respect for each other’s sovereignty and territorial integrity, non‑interference in internal affairs.
- A 60‑day period for negotiations on a final agreement, which may be extended by mutual consent.
- Lifting of the US naval blockade immediately after signing, and full restoration of shipping within 30 days. The US also undertakes to withdraw its forces from adjacent areas within 30 days of the final agreement.
- Iran undertakes to restore commercial shipping traffic from the Persian Gulf to the Gulf of Oman and back to pre‑war levels within 30 days, taking into account the need for demining.
- The US, together with regional partners, will create a comprehensive plan for the reconstruction and economic development of Iran, with funding of no less than $300 billion. An implementation mechanism will be developed within 60 days.
- The US undertakes to terminate all types of sanctions against Iran — both UN Security Council and IAEA resolutions, as well as unilateral US sanctions, primary and secondary.
- Iran confirms that it will never produce nuclear weapons. The fate of enriched material and other nuclear issues will be addressed in the final agreement.
The remaining points (9–14) have not been disclosed in the published texts. However, according to Iranian state media, a clause on Iran’s support for regional proxy forces was removed from the document.
$300 billion: reconstruction fund and Trump’s reaction
Point 6 of the memorandum, which provides for the creation of a reconstruction fund for Iran of at least $300 billion, has drawn particular attention. Tehran initially demanded $400 billion in compensation for war damage, but Washington refused to make direct payments.
US President Donald Trump, on the sidelines of the G7 summit in France, categorically denied reports that the US would contribute to this fund. “We are not investing in it, and we don’t have such a fund,” Trump told reporters. “We’re not putting in 10 cents,” he added.
Asked whether he was asking Gulf states to invest in Iran, Trump answered in the negative: “If they do — good.” At the same time, Trump stressed that the memorandum is not final: “It’s a memorandum of understanding. And if I don’t like it, we’ll go back to bombing.”
Israeli concern
Israel, which has repeatedly expressed concern over the deal, asked Washington for the final text but was refused. Prime Minister Benjamin Netanyahu said Israel would not allow Iran to obtain nuclear weapons “with or without an agreement.”
Former Israeli government spokesman Eylon Levy called the deal “an agreement to open the Strait of Hormuz by paying tribute to Iran,” which does not solve the nuclear problem but merely postpones negotiations.
What’s next
The official signing ceremony of the memorandum is scheduled for June 19 in Geneva. According to Trump, the document was signed electronically on Sunday by the US president, Vice President JD Vance, and Iranian Parliament Speaker Mohammad‑Bagher Ghalibaf. Trump said the text would be released “most likely after Friday.”
After the signing, a 60‑day negotiation period will begin on a final agreement that is supposed to determine the fate of Iran’s nuclear programme and the mechanisms for lifting sanctions. However, as US officials admit, the key issues — including the fate of Iran’s highly enriched uranium — are not explicitly set out in the memorandum and will be addressed in further negotiations.