The United States and Iran have hammered out a draft agreement that would hand Tehran some of its most significant financial concessions in years. The deal includes immediate oil sales rights and access to a $300 billion development and reconstruction fund, according to a draft memorandum of understanding seen by Bloomberg.
What the draft deal includes
The MOU would grant Iran permission to sell oil and fuel immediately upon signing. Further sanctions relief would then be conditional on Iranian compliance during a 60-day negotiation window after the formal agreement is inked.
The formal signing is targeted for June 19, 2026, in Switzerland. That date serves as the starting gun for the compliance clock.
The $300 billion development fund is the headline number. More than half of the fund has reportedly already been committed by Gulf states, and it does not involve US taxpayer dollars.
