By
Anne Bryson
June 17, 2026 / 2:18 PM EDT
/ CBS News
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The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products.
By
Anne Bryson
June 17, 2026 / 2:18 PM EDT
/ CBS News
Add CBS News on Google

Read in full: The US-Iran 14-point peace deal

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Leaked Iran-US deal outlines oil exports, Hormuz reopening and sanctions relief

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US officials have read out the text of the Memorandum of Understanding with Iran, which is yet to be signed.

WASHINGTON, June 16 (Reuters) - The U.S. will allowIran to immediately begin selling oil and fuel under the memorandum of…

The agreement paves the way for a broader 60-day negotiation period due to begin in Switzerland on Friday

The U.S. and Iran have signed an interim agreement to halt hostilities and open the Strait of Hormuz, with a 60-day negotiation…

The US will issue waivers for Iranian oil sales upon the deal's signing, and Iran will have access to its frozen funds upon…

The US unveiled a 14-point memorandum of understanding with Iran covering sanctions relief, $300B in reconstruction aid, and a…