Draft MOU Between U.S. and Iran Includes $300 Billion Reconstruction Fund

By Hwang Jin Hyun Posted : June 18, 2026, 01:28 Updated : June 18, 2026, 01:28
[Photo from Getty Images]
Bloomberg reported on June 17 that the United States and Iran are set to sign a draft Memorandum of Understanding (MOU) on June 19 in Bürgenstock, Switzerland. The MOU includes 14 provisions, covering a comprehensive ceasefire, the reopening of the Strait of Hormuz, and the establishment of a $300 billion reconstruction fund for Iran.

Here are the 14 provisions disclosed by Bloomberg:

Article 1

Iran, the United States, and allied forces currently engaged in the conflict will declare an immediate and permanent end to hostilities on all fronts, including Lebanon, upon signing the MOU. Both sides agree to refrain from initiating any hostile actions and to avoid the use or threat of force. The final agreement will confirm the contents of this article and the remaining provisions.

Article 2

Iran and the United States will respect each other's sovereignty and territorial integrity and will refrain from interfering in each other's internal affairs.

Article 3

Iran and the United States will aim to reach a final agreement through negotiations within 60 days, which may be extended by mutual consent.

Article 4

The United States will lift maritime blockades immediately upon signing the MOU and will not interfere with Iran. Additionally, it will fully restore maritime traffic to pre-war levels within 30 days, ensuring that vessel traffic corresponds to pre-war volumes. The U.S. will withdraw troops deployed in the region within 30 days after the final agreement is signed.

Article 5

Iran will take necessary measures, including removing technical obstacles and neutralizing mines, to ensure that commercial shipping in the Persian Gulf and the Gulf of Oman resumes to pre-war levels within 30 days of signing the MOU.

Article 6

The United States will develop a comprehensive plan for Iran's reconstruction and economic development in collaboration with regional partners. This plan must be agreed upon by both sides and will guarantee funding of at least $300 billion. Specific implementation mechanisms will be established as part of the final agreement within 60 days.

Article 7

The United States commits to lifting all sanctions currently imposed on Iran according to the schedule set forth in the final agreement. This includes sanctions from United Nations Security Council resolutions, International Atomic Energy Agency (IAEA) board resolutions, and all unilateral U.S. sanctions, including primary and secondary sanctions.

Article 8

Iran reaffirms its commitment never to manufacture nuclear weapons. Both Iran and the United States will adequately address all nuclear-related issues, including the handling of enriched materials and Iran's nuclear needs, in the final agreement. The final agreement will confirm the contents of this article.

Article 9

Iran and the United States will maintain the current status until the final agreement is reached. Accordingly, Iran will keep its nuclear program at its current state, and the U.S. will not impose new sanctions or increase troop levels in the region.

Article 10

The United States promises to issue sanctions waivers for the export of Iranian crude oil, petrochemicals, and related services, including banking, insurance, and transportation, from the signing of the MOU until the lifting of sanctions.

Article 11

As negotiations progress toward a final agreement, the United States will release frozen or restricted funds and assets of Iran for full use. These funds must be available for payments to final beneficiaries designated by the Central Bank of Iran, and the U.S. will issue all necessary permits and licenses for this purpose.

Article 12

Iran and the United States will establish an implementation mechanism to oversee the successful execution and future compliance of the final agreement.

Article 13

Following the signing of the MOU, the implementation of Articles 4, 5, 10, and 11 will commence, and only after receiving guarantees that these measures will continue will Iran and the United States enter negotiations for the remaining provisions of the final agreement.

Article 14

The final agreement will be approved through a binding resolution of the United Nations Security Council.



* This article has been translated by AI.

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