US-Iran ceasefire memorandum: here's what the 14-point agreement says. The $300 billion issue

Un 14-point memorandum, tight deadlines, military commitments, nuclear guarantees and a economic plan of at least 300 billion dollarsThe draft agreement between the United States and Iran, viewed and released by Bloomberg News and also relaunched by Al Arabiya, tries to transform the ceasefire into a political and diplomatic agreement intended to to definitively end the war between Washington and TehranThe document, which remains formally reserved despite US promises to publish its contents, It is expected to be signed on Friday, June 19, in Switzerland.From that moment, a 60-day window would open to negotiate the final agreement, with the aim of consolidating the truce, setting new limits on Iran's nuclear program, and establishing a mechanism to verify the agreement's implementation.

The draft does not simply freeze hostilities. It provides for the permanent cessation of war On all fronts, including Lebanon, mutual respect for territorial sovereignty, the renunciation of the use of force, the gradual withdrawal of military pressure, the reopening of maritime traffic, and the easing of sanctions. This is a broad framework, designed to move from truce to normalization, but it remains vulnerable to a fragile regional context.

Following the announcement of the agreement, Iran's Deputy Foreign Minister said that the US naval blockade has been lifted and the first ships have resumed passage through the Strait. From the G7, French President Emmanuel Macron confirmed the plan for a European naval mission in the Strait of Hormuz, while in the United States the media reported the CIA's skepticism about Iran's real intentions on nuclear matters.

even the Pope welcomed He took a cautious step forward: "Thank God, at least this memorandum exists," he said, while recalling that "several points remain to be established." Then he expressed his hope: "Let's hope the war is really over".

The 14 points of the US-Iran memorandum

1. The Islamic Republic of Iran and the United States, along with their allies involved in the current war, declare, by signing this Memorandum of Understanding, the immediate and permanent cessation of the war on all fronts, including Lebanon, and undertake not to undertake any hostile action against each other from now on, nor to threaten or use force against each other. The final agreement will confirm the provisions of this and the remaining articles.
2. They undertake to respect each other's sovereignty and territorial integrity and to refrain from any interference in each other's internal affairs.
3. They undertake to negotiate and reach a final agreement within a maximum period of 60 days, which may be extended by mutual consent.
4. Immediately upon the signing of this Memorandum of Understanding, the United States will lift the naval blockade and prevent any interference or obstruction of the Islamic Republic of Iran, restoring maritime traffic to full capacity within a maximum of 30 days. Ship traffic must be proportionate to pre-war volumes with respect to Iran. The United States also commits to withdrawing its forces from the surrounding areas within 30 days of the conclusion of the final agreement.
5. With the signing of this Memorandum of Understanding, the Islamic Republic of Iran will immediately take measures to ensure that merchant vessel traffic between the Persian Gulf and the Sea of ​​Oman, in both directions, returns to pre-war levels within 30 days, taking into account the need to remove technical obstacles and neutralize mines.
6. The United States, together with its regional partners, is committed to developing a mutually agreed-upon comprehensive plan for the rehabilitation and economic development of the Islamic Republic of Iran, guaranteeing financing of at least $300 billion. The implementation mechanism for this plan will be defined within 60 days as part of the final agreement.
7. The United States commits to ending, according to a timetable to be agreed upon as part of the final agreement, all sanctions currently imposed on the Islamic Republic of Iran, including United Nations Security Council resolutions, decisions of the Board of Governors of the International Atomic Energy Agency (IAEA), and all unilateral U.S. sanctions, both primary and secondary.
8. The Islamic Republic of Iran reaffirms that it will never produce nuclear weapons. Iran and the United States agree that the fate of enriched material and all other mutually agreed upon nuclear issues, including Iran's nuclear needs, will be adequately addressed in the final agreement, which will confirm the provisions of this Article.
9. Iran and the United States agree that, pending a final agreement, they will maintain the status quo: Iran will maintain its nuclear program unchanged, and the United States will not impose new sanctions or strengthen its military presence in the region.
10. The United States undertakes, immediately upon the signing of the memorandum and until the sanctions are lifted, to ensure that the U.S. Department of the Treasury issues waivers for the export of Iranian crude oil, petrochemical products and derivatives, as well as for all related services, including banking, insurance, and transportation.
11. The United States commits, in light of progress in negotiations toward a final agreement, to unfreeze and make fully available the funds and assets of the Islamic Republic of Iran currently frozen or restricted. These funds, held in primary accounts or transferred, will be used for any final payments determined by the Central Bank of Iran and will be fully available. The United States also commits to issuing all necessary authorizations and licenses.
12. Iran and the United States agree that an implementation mechanism will be established to oversee the effective implementation and future compliance with the final agreement.
13. Following the signing of this Memorandum of Understanding and upon receipt of assurances regarding the commencement of implementation of Articles 4, 5, 10, and 11, as well as the continuation of such measures, Iran and the United States will begin negotiations on the final agreement limited to the remaining Articles.
14. The final agreement will be approved by a binding resolution of the United Nations Security Council.

The meeting in Lucerne on Friday, June 19th

La signature is expected at Burgenstock, luxury hotel in the mountains overlooking the Lucerne lakeAn isolated location, difficult to access and therefore suited to the stringent security protocols required for such a sensitive negotiation. The location was selected by the Swiss government and, as specified by the Swiss Foreign Ministry, was proposed by Pakistani and Qatari mediators, as well as by Washington and Tehran.

The appointment should open the decisive phase of the confrontationThe heart of the dossier remains the relationship between Iranian nuclear program, sanctions and economic guarantees. Tehran reiterates that it will never produce nuclear weapons, while the fate of enriched material and other issues related to Iran's nuclear needs are postponed until the final agreement. In the meantime, the parties commit to maintain the status quoIran does not change its nuclear program and the United States does not introduce new sanctions or strengthen its military presence in the region.

For WashingtonThe draft agreement includes significant commitments. Immediately after signing, the U.S. Treasury is expected to grant waivers for the export of Iranian crude oil, petrochemical products, and derivatives, including banking, insurance, and transportation services. In parallel, the United States commits to unblocking Iranian funds and assets currently frozen or restricted, making them fully available according to the instructions of the Central Bank of Iran. Only after assurances are received that these steps will be initiated, along with the articles on the naval blockade and maritime traffic, should the United States and Iran negotiate the other chapters of the agreement.

Il text also looks beyond the military emergencyThe United States, together with regional partners, should work on a plan for the economic rehabilitation and development of Iran at least 300 billion dollars, with a concrete mechanism to be defined within 60 days in the final agreement.

The leaked memorandum, therefore, is not yet peace. It is a draft, a negotiating path. But, if it is actually signed in Lucerne, the most important negotiation will open between Washington and Tehran since the beginning of the conflict.