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Ceasefire, Oil Exports, $300 Billion Fund: Inside The Draft US-Iran Memorandum
24htopnews | June 18, 2026 12:08 AM CST

A draft 14-point US-Iran memorandum obtained by CNN outlines a ceasefire, sanctions relief, restored oil exports, maritime reopening and a 60-day process toward a final agreement, while reaffirming Iran’s pledge not to build nuclear weapons. Despite the framework, President Donald Trump warned the accord was “not final” and military action could resume.

A 14-point memorandum of understanding (MoU) between the United States and Iran has outlined a roadmap for ending hostilities, reopening vital shipping routes and negotiating a broader agreement on sanctions relief and Tehran’s nuclear programme, according to a draft obtained by CNN.

The document, which has not been officially released, was obtained by CNN from a US official and its contents were corroborated by a diplomat who reviewed it at the G7 summit in France, as well as two other diplomatic sources familiar with the negotiations. According to CNN, the MoU is expected to be formally signed in Switzerland on Friday, after which both sides would have 60 days to negotiate a final agreement.

Roadmap to de-escalation

The draft begins with a declaration of an immediate and permanent end to the conflict between the two countries and their allies, including in Lebanon, with both sides pledging to refrain from hostile actions and respect each other’s sovereignty and territorial integrity.


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