A draft memorandum of understanding between the US and Iran has surfaced, outlining a sweeping 14-point framework that includes a $300 billion reconstruction and economic development plan for Iran. The document, reportedly electronically signed around June 14-15, 2026, represents one of the most ambitious diplomatic undertakings between Washington and Tehran in decades.
The proposal goes well beyond nuclear negotiations. It envisions an immediate ceasefire extension, the reopening of the Strait of Hormuz within 30 days, the release of $24 billion in frozen Iranian assets, and a 60-day negotiation window focused on Iran’s nuclear file and broader sanctions architecture.
What the deal actually says
The $300 billion reconstruction fund would be primarily sourced through investments from Gulf states, with the US playing a facilitating role rather than writing a direct transfer.
Access to those funds would be conditional on Iran’s compliance with the deal’s terms. Vice President JD Vance has reportedly emphasized that the reconstruction money comes with strings attached, positioning it as a carrot rather than a giveaway.
