A senior Trump administration official read the 14-point Iran agreement to reporters on Wednesday afternoon, ending days of speculation about the contents of a memorandum of understanding meant to wind down the three-month conflict.
President Donald Trump and Vice President JD Vance apparently signed the MOU on Sunday electronically, but a draft copy was leaked to the press Tuesday evening, sparking pushback from the administration.
The White House vehemently denied it had agreed to provide $300 billion in funds to Iran, but officials have stated the amount could be made available by allies in the region if Tehran complies with the deal. The agreement is light on details related to Iran’s nuclear program, which will be hammered out in technical negotiations over a 60-day period. The text also describes sanctions relief and the unfreezing of assets for Tehran.
Vance will head to Geneva on Friday, when he is expected to sign the agreement. Trump will return to Washington on Wednesday after attending the three-day G7 summit in Evian, France. At the G7, Trump repeatedly touted the soon-to-be-opened Strait of Hormuz and Iran’s reiteration of its commitment not to pursue a nuclear weapon.
Below is a full readout of the memorandum, as relayed by the senior administration official:
