Leaked US-Iran draft deal promises end to war, sanctions relief, and $300 billion rebuilding fund

What the leaked text reveals

Multiple media outlets on Tuesday published what they described as the full 14-point text of a US-Iran memorandum of understanding, set to be signed in Switzerland on Friday. The document, obtained separately by the Saudi-funded channel Al Arabiya and the financial service Bloomberg, has not been officially confirmed by either Washington or Tehran. A senior White House official reportedly read the text to reporters by phone, according to the New York Post.

“I want to publish the very important document in the next few days.”

Immediate ceasefire on all fronts

The first point declares an immediate and permanent end to military operations on all fronts, including Lebanon. Both sides and their allies would commit to no hostile acts, no threat or use of force, and respect for Lebanon’s territorial integrity and sovereignty. The final agreement is to confirm this permanent cessation of war.

Maritime security and blockade removal

Under the draft, the United States would begin lifting its naval blockade and all interference against Iran immediately after signing, with full restoration of shipping capacity within 30 days. Iran, in parallel, would take immediate steps to ensure safe passage of commercial vessels through the Strait of Hormuz in both directions, restoring traffic to pre-war levels within the same 30-day window. The text notes that Iran must neutralize mines and remove technical obstacles.

Reconstruction fund and sanctions relief

The memorandum commits the US, together with partner countries, to work on a comprehensive plan for Iran’s reconstruction and economic development, securing at least $300 billion in financing. The implementation mechanism is to be developed within 60 days and become part of the final agreement. The US also pledges to lift all types of sanctions currently in place, including those from UN Security Council resolutions, the IAEA, and all unilateral US measures, on a timeline to be set in the final deal.

Nuclear pledge and monitoring

The draft states that Iran reiterates it will never manufacture nuclear weapons. The question of highly enriched uranium and other mutually agreed nuclear-related issues, including Iran’s nuclear needs, is to be addressed adequately in the final agreement. A joint monitoring mechanism would oversee implementation, and the entire package would be underpinned by a binding UN Security Council resolution.

Reactions and next steps

Negotiations for a final agreement are to be concluded within 60 days, extendable by mutual consent. The US would withdraw its forces from areas near Iran within 30 days after that final accord. Meanwhile, Iran’s Tasnim news agency rejected the Bloomberg version as incomplete, citing unnamed sources and stating that the full text will be released only upon signature on Friday.