Bloomberg published a draft memorandum between the U.S. and Iran
The authoritative international news agency Bloomberg has published a draft Memorandum of Understanding between the United States and Iran, which consists of 14 points and aims to bring about an immediate cessation of hostilities.
The parties are expected to sign this historic document on June 19, 2026, in Switzerland.
This military-political move will pave the way for 60 days of negotiations aimed at fully resolving the conflict and imposing strict restrictions on Iran’s nuclear program.
The first point of the published document states: “Iran and the United States, together with their allies in the current war, hereby declare, upon the signing of this Memorandum of Understanding, the immediate and definitive cessation of the war on all fronts, including Lebanon, and undertake henceforth not to commit any hostile acts against one another and to refrain from the threat or use of force against one another.”
In addition, in the second clause, the parties undertake to respect each other’s sovereignty and territorial integrity, as well as to “refrain from interfering in each other’s internal affairs.”
The third and ninth clauses of the memorandum define the time frame and the maintenance of the current status quo until the signing of a final treaty.
Washington and Tehran are to “conduct negotiations and reach a final agreement within a maximum period of 60 days, which may be extended by mutual agreement.”
Until then, Iran will maintain the current status of its nuclear program, and the United States will not impose new restrictions or increase its military presence in the region.
The document devotes special attention to the issue of unblocking sea lanes and the withdrawal of foreign troops.
“Immediately upon the signing of this Memorandum of Understanding, the United States shall lift the naval blockade and prevent any interference or obstruction against the Islamic Republic of Iran, and shall restore shipping traffic to full capacity within a maximum of 30 days; shipping traffic shall be proportional to the pre-war volume of traffic from the Islamic Republic of Iran. The United States also undertakes to withdraw its troops from the surrounding areas within 30 days of a final agreement,” as stated in the fourth paragraph.
The Iranian side, for its part, undertakes to promptly eliminate threats to shipping within its zone of influence.
According to the fifth clause, “upon the signing of this Memorandum of Understanding, Iran shall immediately take measures to ensure the resumption, within 30 days, of commercial shipping traffic from the Persian Gulf to the Sea of Oman and vice versa to pre-war levels, taking into account the need for Iran to remove technical obstacles and neutralize mines.”
An important element of the peace plan is financial and economic support for the affected region.
The sixth point stipulates that “the United States commits, together with its regional partners, to develop a comprehensive plan, agreed upon by both sides, for the reconstruction and economic development of Iran, while providing funding of at least $300 billion. The mechanism for implementing this plan, as part of the final agreement, will be formulated within 60 days.”
The memorandum guarantees Tehran the gradual lifting of existing restrictions.
Paragraph 7 states that “the United States commits to lifting, in accordance with a schedule to be agreed upon as part of the final agreement, all sanctions currently in force against 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 U.S. sanctions, both primary and secondary.”
The nuclear issue remains a key element of international security. Paragraph 8 sets forth the Islamic Republic’s fundamental position: “Iran reiterates that it will never produce nuclear weapons.
The Islamic Republic of Iran and the United States have agreed that the fate of enriched material and all other mutually agreed-upon issuesrelated to nuclear activities, including Iran’s nuclear needs, will be appropriately addressed in the final agreement; the final agreement will reaffirm the provisions of this article.”
Economic relief for the fuel sector will take effect immediately upon the document’s formal approval.
In accordance with paragraph 10, “The United States undertakes that, immediately upon the signing of this Memorandum of Understanding and until the date of the lifting of sanctions, the U.S. Department of the Treasury will issue export licenses for Iranian crude oil, petrochemical products and their derivatives, as well as for all related services, including banking, insurance, transportation, and others.”
In addition to oil exports, Tehran will gain access to capital frozen abroad. Clause 11 stipulates that “the United States commits that, subject to progress in negotiations toward a final agreement, Iran’s frozen or restricted funds and assets will be unfrozen and made fully accessible. These funds, whether held in the main account or transferred, will be used for any final payment to a beneficiary designated by the Central Bank of the Islamic Republic of Iran and will be fully available for use. The United States undertakes to issue all necessary authorizations and licenses on this basis.”
A special international body is established to monitor compliance with all provisions of the Memorandum.
Clause 12 stipulates: “Iran and the United States agree that an implementation mechanism will be established to oversee the successful implementation and future obligations under the Final Agreement.”
Bloomberg reports on this.
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