Iran has publicly outlined a 14-point draft memorandum of understanding with the United States that would unlock $24 billion in frozen Iranian assets, a figure that sounds enormous until you realize it represents less than a quarter of Iran’s total frozen holdings worldwide.
The draft, reported by Iranian media outlets including Mehr News Agency on June 12, was framed as part of a 60-day negotiation period. It proposes a ceasefire, sanctions relief on oil exports, and a potential restart of operations in the Strait of Hormuz under Iranian security arrangements.
What the draft actually proposes
The 14-point draft MOU lays out a structured de-escalation roadmap. Among its most significant provisions, up to $12 billion could reportedly be made accessible to Iran upfront, before negotiations even conclude.
The agreement also envisions a halt to hostilities and the lifting of oil sanctions within 30 days of both sides signing.
