The United States has released the full text of a 14-point memorandum with Iran, outlining commitments on nuclear restrictions, sanctions relief, maritime security, and a proposed $300 billion reconstruction fund.
BY PC Bureau
June 18, 2026 — The United States has publicly released the full text of a 14-point memorandum of understanding (MoU) reached with Iran, shedding light on a sweeping framework agreement that seeks to end hostilities, curb Iran’s nuclear ambitions, reopen critical shipping routes, and pave the way for the country’s economic reconstruction.
The document, formally titled the “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran,” was unveiled after days of speculation over its contents following President Donald Trump’s announcement of a breakthrough agreement over the weekend.
According to US officials, the memorandum will be formally signed on Friday, after which both countries will enter a 60-day period of negotiations aimed at converting the framework into a comprehensive and legally binding accord. Iran has not yet publicly released its own version of the document.
Ceasefire and Regional De-escalation
Among the most significant provisions is a commitment to the “immediate and permanent termination of military operations on all fronts, including in Lebanon.”
The clause signals a broader effort to reduce tensions across the Middle East following months of escalating conflict involving Iran, Israel, and allied armed groups operating throughout the region.
Diplomatic observers say the language represents one of the most ambitious de-escalation initiatives undertaken between Washington and Tehran in decades.
60-Day Roadmap to a Final Deal
The memorandum establishes a strict timeline for negotiations.
“The United States of America and the Islamic Republic of Iran commit to negotiating and achieving the final deal in a maximum of 60 days, extendable with mutual consent,” the document states.
Officials from both countries are expected to begin intensive talks immediately after Friday’s signing ceremony.
Strait of Hormuz to Reopen
A central component of the agreement concerns the reopening of the strategically vital Strait of Hormuz, through which a significant share of the world’s oil exports passes.
Under the memorandum:
- The United States will remove its naval blockade of Iran within 30 days.
- Commercial maritime traffic will be restored to pre-conflict levels.
- US forces will withdraw from the immediate vicinity of Iran within 30 days of a final agreement being concluded.
In return, Iran has pledged to facilitate the safe passage of commercial vessels.
The document states that Iran will use its “best efforts” to ensure secure transit through regional waters and will not impose transit charges on commercial shipping for a period of 60 days.
Energy analysts say the reopening of Hormuz could significantly ease pressure on global oil markets and reduce shipping insurance costs that surged during recent tensions.
Iran Renounces Nuclear Weapons
The most consequential security provision addresses Iran’s nuclear program.
According to the memorandum, Iran has agreed that it will not acquire, develop, or possess nuclear weapons.
The agreement outlines a process for dealing with Iran’s enriched nuclear material through what the document describes as “blending on site under the supervision of the IAEA” — the International Atomic Energy Agency.
While the memorandum establishes the principle of nuclear restraint, details concerning inspections, verification mechanisms, monitoring systems, and compliance procedures will be negotiated during the forthcoming talks.
International observers view these verification arrangements as crucial to the success and credibility of any final agreement.
Massive Reconstruction Package
The memorandum also includes a major economic component.
The United States, together with regional partners, has committed to establishing a reconstruction and development fund worth at least $300 billion to support Iran’s economic recovery.
The fund would finance infrastructure development, industrial modernization, energy projects, healthcare, transportation, and broader economic reforms aimed at reintegrating Iran into the global economy.
If implemented, it would represent one of the largest international reconstruction initiatives in modern Middle Eastern history.
Sanctions Relief
In another landmark provision, Washington has agreed in principle to terminate all sanctions imposed on Iran.
The memorandum states that the United States will “terminate all types of sanctions against the Islamic Republic of Iran,” although the timing and sequencing of sanctions relief remain subject to negotiation during the final agreement process.
The issue is expected to be one of the most complex aspects of the upcoming talks, given the extensive network of financial, energy, banking, and trade restrictions imposed on Iran over several decades.
Analyst Brett McGurk confirms Trump’s massive surrender
Washington is waiving all oil and banking sanctions, handing Iran over $60 BILLION annually just to reopen the Strait of Hormuz, which was open before the War
Tehran makes zero other commitments
https://t.co/aGptmwOR8H https://t.co/fKPhsWzXJq pic.twitter.com/ywI3ZgJSjQ— CharlieKirk ChristisKing (@CharliekirK3225) June 17, 2026
International Reactions and Challenges Ahead
The release of the memorandum has generated intense international interest, with governments, financial markets, and security analysts closely examining its implications.
Supporters argue that the framework offers a rare opportunity to reduce nuclear risks, stabilize the Middle East, secure global energy supplies, and improve relations between two long-standing adversaries.
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Critics, however, have raised questions about enforcement mechanisms, verification procedures, the feasibility of the proposed reconstruction fund, and the political challenges both governments may face in securing domestic support.
President Trump has described the memorandum as a historic breakthrough while cautioning that significant negotiations remain ahead before a final agreement can be reached.
With the formal signing expected later this week, attention is now shifting to the crucial 60-day negotiating period that will determine whether the Islamabad Memorandum evolves into a durable peace and normalization agreement between Washington and Tehran.
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║ KEY DOCUMENT: US-IRAN MEMORANDUM ║
║ (14-Point Framework Agreement) ║
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The United States of America and the Islamic Republic of Iran have jointly agreed in good faith on [__ date] on the following:
1 — The United States of America and the Islamic Republic of Iran and their allies in the current war are signing this MOU to declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other, and to refrain from the threat or use of force against each other, and ensuring the territorial integrity and sovereignty of Lebanon. The final deal will confirm the permanent termination of the war on all fronts, including in Lebanon and other provisions of this paragraph.
2 — The United States of America and the Islamic Republic of Iran undertake to respect each other’s sovereignty and territorial integrity and to refrain from interfering in each other’s internal affairs.
3 — The United States of America and the Islamic Republic of Iran commit to negotiating and achieving the final deal in maximum 60 days, extendable with mutual consent.
4 — Immediately upon the signing of this MOU, the United States of America will begin the removal of its naval blockade and any disturbances or impediments against the Islamic Republic of Iran, and will fully end the naval blockade within 30 days. During this period, the traffic of vessels will be in proportion to the numbers of pre-war traffic being restored by the Islamic Republic of Iran. The United States of America further undertakes to remove its forces from the proximity of the Islamic Republic of Iran within 30 days after the final deal.
5 — Upon the signing of this MOU, the Islamic Republic of Iran will make arrangements using its best efforts for the safe passage of commercial vessels with no charge, for 60 days only, from the Persian Gulf to the Sea of Oman and vice versa. The traffic of commercial vessels will immediately start, and considering the need for removing the technical and military obstacles, and demining by the Islamic Republic of Iran will be instated within 30 days. The Islamic Republic of Iran will conduct dialog with the Sultanate of Oman to define the future administration and maritime services in the Strait of Hormuz in discussion with other Persian Gulf littoral states in line with the applicable international law and the sovereign rights of coastal states of the Strait of Hormuz.
6 — The United States of America undertakes with regional partners to develop a definitive, mutually agreed plan with at least USD 300 billion for the reconstruction and economic development of the Islamic Republic of Iran. The mechanism for the implementation of this plan will be finalized as part of a final deal within 60 days. All required licenses, waivers and permissions needed for the relevant financial transactions will be granted by the United States of America.
7 — The United States of America undertakes to terminate all types of sanctions against the Islamic Republic of Iran, including the United Nations Security Council resolutions, IAEA Board of Governors resolutions, and all unilateral US sanctions, primary and secondary, in an agreed upon schedule as part of the final deal. The Islamic Republic of Iran and the United States of America acknowledge the critical importance of the sanctions termination issue above mentioned, and expressed their intentions to immediately address these issues in the negotiations in order to achieve mutual agreement on them.
8 — The Islamic Republic of Iran reaffirms that it shall not procure or develop nuclear weapons. The United States of America and the Islamic Republic of Iran have agreed to resolve the disposition of stockpiled enriched material pursuant to a mechanism that will be mutually agreed upon in accordance with the schedule mentioned in paragraph seven, with the minimum methodology to be down blended on site under the supervision of the IAEA. The two parties also agreed to discuss the issue of enrichment and other mutually agreed matters related to the Islamic Republic of Iran’s nuclear needs, based on a satisfactory framework being agreed upon in the final deal. The final deal will confirm the provisions of this paragraph. The United States of America and the Islamic Republic of Iran acknowledge the critical importance of the nuclear issues above mentioned. They express their intention to immediately address these issues in the negotiations in order to achieve mutual agreement on them.
9 — Pending the final deal, the United States of America and the Islamic Republic of Iran agree to maintain the status quo. The Islamic Republic of Iran will maintain the current status quo of its nuclear program, and the United States of America will not impose any new sanctions and will not deploy additional forces in the region.
10 — The United States of America undertakes that immediately upon the signing of this MOU and until the termination of sanctions, US Department of Treasury will issue waivers for the export of Iranian crude oil, petroleum products and derivatives, and all associated services, including banking transactions, insurances, transportation, etc.
11 — The United States of America undertakes to make fully available for use the frozen or restricted funds and assets of the Islamic Republic of Iran upon the implementation of this MOU. The United States of America and the Islamic Republic of Iran will mutually agree on the procedures related to the release of these funds during negotiations. Such funds, whether retained in the original account or transferred, shall be made fully usable for payment to any ultimate beneficiary designated by the Central Bank of the Islamic Republic of Iran. The United States of America undertakes to issue all necessary licenses and authorizations accordingly.
12 — The United States of America and the Islamic Republic of Iran agree that an executive mechanism will be established to monitor the successful implementation of this MOU and the future compliance of the final deal.
13 — After signing this MOU, and subject to the beginning of the implementation of paragraphs 1, 4, 5, 10 and 11 of this MOU, and the continuing implementation of these measures, the United States of America and the Islamic Republic of Iran will start negotiations regarding the final deal exclusively on the other paragraphs.
14 — The final deal will be endorsed by a binding UNSC resolution.
