US-Iran MOU hands Tehran $400B+ windfall Hormuz control and full sanctions relief

We lost. It’s that simple.

Main points from the text:

  • Permanent end to war on all fronts (including Lebanon).
  • $300 billion reconstruction money for Iran.
  • Lift all US/UN sanctions + release frozen funds (up to $100B).
  • Iran get control of Strait of Hormuz + can charge fees after 60 days free passage.
  • US remove naval blockade + pull forces from bases near Iran.
  • Iran keep nuclear program (with some down-blending under IAEA).
  • Missiles and support for groups not in final talks.
  • 60 days to make final deal.

The 14 key points:

1. Permanent termination of war on all fronts including Lebanon, with US and Iran committing to never initiate military operations against each other and to protect Lebanese sovereignty

2. At least $300 billion in reconstruction and economic development funds for Iran from the US and regional partners

3. Permanent termination of all sanctions including UN Security Council resolutions, IAEA Board resolutions, and all unilateral US primary and secondary sanctions

4. Full release of all Iran’s frozen funds and assets, up to $100 billion total, with the Central Bank of Iran designating beneficiaries

5. Iranian sovereign administration over the Strait of Hormuz with only a 60-day free passage waiver, after which Iran begins collecting transit fees from every commercial ship

6. Full removal of US naval blockade within 30 days and withdrawal of all US forces from all US bases around Iran within 30 days after the final deal

7. Iran retains its full enrichment infrastructure with only existing stockpiled material to be down-blended on-site under IAEA supervision, with no new concessions on its existing NPT commitment

8. Iran’s missile program and support for Resistance groups are explicitly removed from final deal negotiation scope

9. Mutual recognition of sovereignty and non-interference in internal affairs, formally legitimizing the Iranian regime

10. US commits to no new sanctions and no additional forces in the region while Iran maintains its current nuclear program status quo

11. Immediate US Treasury waivers for Iranian crude oil, petroleum products, and all banking, insurance, and transportation services

12. Friday’s signing will trigger a 60-day final deal negotiation period, extendable by mutual consent

13. Joint executive mechanism to monitor implementation and final deal compliance

14. The final deal will be endorsed by a binding UN Security Council resolution

Iran via Tasnim has confirmed this is the final MOU, with Ghalibaf adding “everything we sought to achieve through military action was secured several times over at the negotiating table, in a way that cannot even be compared.”

CNN full 14-point text: https://www.cnn.com/2026/06/17/middleeast/us-iran-war-mou-text-intl
Al Jazeera version of the text: https://www.aljazeera.com/news/2026/6/17/read-the-us-account-of-unreleased-14-point-iran-ceasefire-memorandum
Bloomberg draft text: https://www.bloomberg.com/news/articles/2026-06-16/read-the-14-point-draft-memorandum-between-the-us-and-iran