US, Iran Draft MoU for Permanent Ceasefire, Sanction Lift, $300B Reconstruction

Bloomberg obtained a draft 14-point U.S.-Iran Memorandum of Understanding (MoU) on June 17, 2026, outlining a framework for a permanent ceasefire, gradual sanction lifting, and a $300 billion reconstruction plan for Iran. The two nations are slated to formally sign the agreement in Switzerland on June 19, 2026, initiating 60 days of negotiations to end the conflict and finalize a nuclear deal. The draft MoU includes provisions for the immediate and permanent cessation of hostilities, mutual respect for sovereignty, and a commitment to finalize a comprehensive agreement within 60 days. Key terms include the U.S. lifting its maritime blockade and withdrawing regional forces within 30 days of a final deal, while Iran restores merchant vessel passage. The U.S. also commits to gradually lifting all sanctions, issuing waivers for Iranian oil and petrochemical exports, and unfreezing Iranian assets. A fund of at least $300 billion is proposed for Iran's reconstruction, with Iran reaffirming its commitment against nuclear weapons development.