As the United States and Iran prepare to sign their Memorandum of Understanding in Switzerland on Friday June 19, here are the 14 points of the agreement as revealed by multiple media outlets.
Point 1 — Immediate end to the war Iran and the United States, along with their allies involved in the conflict, declare an immediate and permanent end to the war on all fronts, including Lebanon, effective from the moment of signing. Both parties commit to taking no hostile action against each other and to refraining from any threat or use of force.
Point 2 — Mutual respect for sovereignty Both countries commit to respecting each other's sovereignty and territorial integrity, and to non-interference in each other's internal affairs.
Point 3 — 60-day negotiation window Both parties agree to negotiate and conclude a final agreement within a maximum of 60 days, extendable by mutual consent.
Point 4 — US lifts naval blockade Upon signing, the United States will lift the naval blockade against Iran and prevent any obstruction of Iranian shipping. Maritime traffic will be restored to pre-war levels within 30 days. US forces will withdraw from surrounding areas within 30 days of the final agreement.
Point 5 — Iran restores Strait of Hormuz traffic Iran will take immediate steps to restore merchant vessel traffic between the Persian Gulf and the Sea of Oman to pre-war levels within 30 days, including eliminating technical obstacles and neutralising mines.
Point 6 — $300 billion reconstruction plan The United States, with its regional partners, commits to developing a comprehensive reconstruction and economic development plan for Iran, with guaranteed financing of at least $300 billion. Implementation modalities will be defined within 60 days in the final agreement.
Point 7 — Full sanctions relief The United States commits to ending all sanctions currently imposed on Iran — including those resulting from UN Security Council resolutions, IAEA Board of Governors resolutions, and all unilateral US primary and secondary sanctions — on a timeline to be set in the final agreement.
Point 8 — Nuclear weapons pledge Iran reaffirms that it will never produce nuclear weapons. The fate of enriched materials and all other agreed nuclear issues, including Iran's civilian nuclear needs, will be resolved in the final agreement.
Point 9 — Status quo maintained pending final deal Iran will maintain the current state of its nuclear programme, while the United States will refrain from imposing new sanctions or reinforcing its military presence in the region.
Point 10 — Immediate oil export waivers From the moment of signing, the US Treasury will issue the necessary waivers for Iranian crude oil, petrochemical products and derivatives exports, as well as all associated banking, insurance and transport services.
Point 11 — Frozen assets unblocked As negotiations progress toward a final agreement, the United States commits to unblocking and making fully accessible all frozen or restricted Iranian funds and assets, to be used for any final payments designated by the Central Bank of Iran.
Point 12 — Monitoring mechanism Both parties agree to establish a monitoring mechanism to oversee the implementation of the final agreement and ensure ongoing compliance with its provisions.
Point 13 — Sequencing of negotiations After signing, and upon receiving guarantees regarding the implementation of Points 4, 5, 10 and 11, both parties will begin negotiations on the final agreement covering all remaining articles.
Point 14 — UN Security Council endorsement The final agreement will be approved by a binding UN Security Council resolution.
What Is Absent
Notably missing from all 14 points: any mention of Hezbollah, Hamas, the Houthis, or Iran's ballistic missile programme. The proxy network that Iran has built across the Middle East over four decades, and which remains the primary security concern for Israel and Lebanon, is entirely absent from the framework.
The 60-day clock starts Friday. The hardest negotiations have not yet begun.