Draft U.S.-Iran Memorandum Outlines Immediate Ceasefire and Broad Sanctions Relief

The text is a draft memorandum of understanding between the United States and the Islamic Republic of Iran, dated [date], laying out a wide-ranging deal framework. It says both sides and their allies would immediately and permanently end all military actions on every front, including Lebanon, and would pledge not to attack, threaten, or use force against each other. The final agreement would confirm the permanent end of the war and include the same core terms.

The draft requires both sides to respect each other’s sovereignty and internal affairs, and sets a maximum of 60 days to negotiate the final agreement, with an extension possible only by mutual consent. It also says the U.S. would begin lifting the naval blockade and other restrictions on Iran immediately, fully remove the blockade within 30 days, and withdraw forces from areas close to Iran within 30 days after the final agreement is completed.

On maritime security, Iran would work to guarantee safe and free passage for commercial vessels through the Strait of Hormuz for 60 days without payment, in both directions, with normal shipping to resume immediately. Iran would also complete technical and military measures, including mine clearance, within 30 days, and would hold talks with Oman and other Gulf states on future management arrangements there under international law.

The memorandum also calls for a U.S.-backed reconstruction and economic development plan for Iran worth at least $300 billion, to be completed within 60 days as part of the final deal. Washington would end all sanctions on Iran, including U.N. Security Council measures, IAEA Board of Governors decisions, and U.S. primary and secondary sanctions, according to an agreed timeline. Iran would reaffirm that it will not acquire or develop nuclear weapons, while the sides would address enriched material through in-country dilution under IAEA supervision and discuss enrichment and other nuclear issues in the final agreement.

Until then, Iran would keep its nuclear program at current levels and the U.S. would not impose new sanctions or deploy additional forces in the region. The Treasury Department would approve exports of Iranian crude oil, petroleum products, derivatives, and related services, and Washington would make available frozen or restricted funds and assets for approved uses. The sides would set up an implementation mechanism, continue negotiations on the remaining terms, and seek final approval through a binding U.N. Security Council resolution.