The U.S. and Iran are scheduled to formally sign their interim “peace deal” on June 19, 2026, launching 60 days of negotiations between the two nations to end the current conflict in the Middle East and enact stricter stipulations on Iran’s nuclear program.
Here are some of the pivotal points laid out in the 14-point Memorandum of Understanding (MOU) draft that were verified by one of the mediating country’s diplomats:
- Upon signing the MOU, the U.S. will lift its naval blockade and withdraw its forces within 30 days. In return, Iran will reopen the Strait of Hormuz, removing “technical obstacles” and the “neutralization of mines.”
- The U.S., alongside its regional allies, will establish a “comprehensive plan” agreed on by the Islamic Republic and the U.S. “for the rehabilitation and economic development” of Iran, ensuring a fund of at least $300 billion. The plan’s “implementation measure” will be discussed amid the 60-day negotiation period.
- The U.S. pledges to lift all sanctions imposed on Iran periodically, “including resolutions of the United Nations Security Council and the Board of Governors of the International Atomic Energy Agency (IAEA), and all unilateral U.S. sanctions, both primary and secondary.”
- Iran will adhere to never producing nuclear weapons. The U.S. and Iran have agreed to “adequately address” Iran’s current enriched stockpile, the nation’s nuclear needs, “and the fate of all other mutually agreed nuclear-related issues” in it final deal.
- The U.S. Department of the Treasury will issue waivers for Iranian crude oil exports, “petrochemical products and their derivatives,” and all affiliated services such as banking, insurance, and transportation during the period between the signing of the MOU and the lifting of sanctions.
- The U.S. will grant Iran full access to its frozen/restricted funds and assets amid negotiations towards the final peace deal. The funds will either be held in a master account or transferred directly to the Islamic Republic. The funds will be used “for any final beneficiary payment determined by the Central Bank” of Iran, with the U.S. granting all necessary permits and licenses to use the assets and funds.
- Once the U.S. lifts its blockade, Iran reopens the Strait of Hormuz, the U.S. grants Iran full access to its frozen/restricted assets and funds, and the U.S. Treasury issues Iran its sanctions waivers, both nations will begin negotiations in their final deal.
- The final deal will be approved through a binding resolution of the United Nations (UN) Security Council.