A draft agreement between Iran and the United States has outlined a wide-ranging 14-point framework covering a ceasefire, nuclear commitments, sanctions relief, and economic cooperation.
According to a report by CNN, the memorandum of understanding, which has not yet been officially released, was reportedly sourced from a US official. Its contents were confirmed by a diplomat who reviewed it during the G7 summit in France, along with two other diplomatic sources familiar with the negotiations.
The draft details an emerging agreement between the two long-time rivals, including provisions for ending hostilities, reopening key maritime routes such as the Strait of Hormuz, easing financial restrictions on Iran, and setting conditions for future nuclear negotiations.
Under the proposed deal, the United States would allow Iran to resume exports of oil and petrochemical products, while also supporting access to a potential $300 billion development fund if Tehran meets certain nuclear-related commitments in future talks.
The document also reaffirms Iran’s position that it will not develop nuclear weapons, although key questions regarding its stockpile of highly enriched uranium remain unresolved.
US officials told CNN that the text reflects a digitally signed agreement involving US President Donald Trump, Vice President JD Vance, and Iranian parliamentary speaker Mohammad Bagher Ghalibaf. However, they stressed that the draft may not represent the final wording of the agreement expected to be formally signed in Switzerland.
Washington has described the document as a “political framework,” noting that several critical issues are still being negotiated, including Iran’s nuclear programme and the timing of sanctions relief. Iranian sources have also disputed the accuracy of some leaked versions of the draft.
The memorandum is expected to trigger a 60-day negotiation window to finalize a comprehensive peace agreement between both countries.
Full List of the 14-Point Agreement Terms
- Ceasefire Agreement
Both countries agree to an immediate and permanent end to hostilities across all fronts, including regional conflicts, and pledge not to engage in further attacks or threats. - Sovereignty Commitment
Iran and the US agree to respect each other’s sovereignty and refrain from interference in internal affairs. - 60-Day Final Deal Timeline
Both sides commit to negotiating a final agreement within 60 days, extendable by mutual consent. - Maritime and Naval Restrictions Lifted
The US agrees to lift naval blockades and restore maritime traffic linked to Iran within 30 days, with a phased withdrawal of forces after a final deal. - Restoration of Shipping Routes
Iran commits to restoring maritime movement through the Persian Gulf and Strait of Hormuz to pre-conflict levels, including clearing technical barriers. - $300 Billion Development Plan
The US and regional partners will develop a $300 billion economic and reconstruction package for Iran, subject to future negotiations. - Sanctions Relief Framework
The US agrees to begin a process of lifting UN, IAEA-related, and unilateral sanctions under a final agreement. - Nuclear Non-Proliferation Commitment
Iran reiterates it will never develop nuclear weapons, while nuclear material and related issues will be addressed in future talks. - Status Quo During Negotiations
Iran will maintain its current nuclear posture, while the US will avoid new sanctions or military escalation during talks. - Oil Export Waivers
The US will allow Iranian oil and petrochemical exports, including related financial and logistical services. - Release of Frozen Assets
Iranian frozen funds and assets abroad will be gradually released as negotiations progress. - Implementation Mechanism
Both countries will establish a system to monitor and enforce compliance with the agreement. - Conditions for Final Agreement Talks
Further negotiations will proceed after initial commitments on key implementation steps are confirmed. - UN Endorsement Requirement
The final agreement will require approval through a binding United Nations Security Council resolution.