A detailed draft of a memorandum of understanding between the United States and Iran says the two sides, along with their allies in the current war, would immediately and permanently stop military activity on all fronts, including Lebanon. The text, published June 17, 2026, also says neither side would again wage war or use force against the other, and both would respect Lebanon’s territorial integrity and sovereignty.
The draft sets a deadline of no more than 60 days to reach a final agreement, with an extension possible by mutual consent. It says the United States would begin lifting its naval blockade and any other restrictions on Iran immediately after the memorandum is signed, finishing that process within 30 days, while Iran would gradually restore shipping to prewar levels during that period. Washington would also move its forces away from Iran within 30 days after the final deal is signed.
On the economic side, the United States and its regional partners would work on a final, agreed reconstruction and economic development plan for Iran worth at least $300 billion. Washington would also revoke all sanctions on Iran, including UN Security Council measures, IAEA Board of Governors decisions, and all unilateral U.S. primary and secondary sanctions, according to a schedule to be set in the final deal. In the meantime, the U.S. Treasury would issue waivers to allow Iranian crude oil and petroleum exports, along with banking, insurance, shipping and related services.
The nuclear section says Iran reiterates that it will not acquire or develop nuclear weapons. The two sides would jointly decide how to handle Iran’s accumulated enriched uranium stockpile, with the minimum option being dilution on site under IAEA supervision. They would also discuss enrichment and other nuclear needs within an agreed framework, while maintaining the status quo until a final deal is signed. That final agreement would be approved by a binding UN Security Council resolution.
