Reported US-Iran Deal Would Unlock Funds First, Leave Nuclear Talks for Later

Iran’s Mehr news agency has published reported terms of a developing agreement between the United States and Iran, following Donald Trump’s statement on June 11, 2026. The proposal would immediately and permanently end the war and all military activity on every front, including Lebanon, while Washington would pledge not to interfere in Iran’s internal affairs and to respect the sovereignty of the Islamic Republic.

Under the reported deal, the naval blockade would be fully lifted within 30 days, US forces would withdraw from areas near Iran, and the Strait of Hormuz would be reopened within 30 days under Iranian arrangements. Sanctions on the sale of oil, petrochemicals and related products would be suspended, and Iran would regain full access to its financial resources. The plan also calls for an economic reconstruction package of at least $300 billion, to be presented by the United States and its allies.

A 60-day negotiation period would then begin for a permanent agreement focused on the nuclear file and the full removal of primary and secondary US sanctions, along with the cancellation of relevant UN Security Council and International Atomic Energy Agency resolutions. Iran would renew its commitment to the NPT and promise not to produce nuclear weapons. The United States would also pledge not to add forces to the region or impose new sanctions during the talks.

The reported arrangement includes the release of $24 billion in frozen Iranian funds, with half to be unfrozen before negotiations start, plus a monitoring mechanism to oversee implementation. The final accord would require UN Security Council approval. Before talks on the permanent deal can open, Iran would need to receive half of its frozen funds and see oil sanctions suspended and the naval blockade lifted. According to the report, the final-stage negotiations would deal only with enriched materials and enrichment, sanctions relief and Iran’s economic reconstruction, while Iran’s missile program and support for “resistance groups” would be permanently removed from the agenda.