Full Text of 14 US-Iran Ceasefire Agreements Revealed: $300 Billion Financing to Rebuild Iran, Oil Ban Lifted Immediately, Strait of Hormuz to Reopen Within 30 Days

TradingKey - As the June 19 signing ceremony for the U.S.-Iran ceasefire agreement approaches, Bloomberg News and Iran's Mehr News Agency have successively disclosed the full draft of the 14-point memorandum of understanding between the U.S. and Iran. This framework agreement, dubbed the "Islamabad Memorandum", aims to permanently end the conflict that broke out between the two sides in February 2026 and pave the way for negotiations on a final agreement lasting up to 60 days.

The signing location is set for Bürgenstock, Switzerland. The Swiss Foreign Ministry confirmed on the 16th that the signing ceremony is scheduled to take place on the evening of June 19 local time at the Bürgenstock resort near Lucerne in central Switzerland. The location was jointly proposed by the mediators, Pakistan and Qatar, as well as both the U.S. and Iran.

Permanent Ceasefire and Mutual Respect for Sovereignty. The first article of the agreement declares an immediate and permanent end to the war on all fronts (including Lebanon), with both sides committing to no longer engage in hostile actions or use force against each other. The second article explicitly states the U.S. commitment to non-interference in Iran's internal affairs and respect for Iranian sovereignty.

Strait of Hormuz to Reopen Within 30 Days, U.S. Troops to Withdraw After Final Agreement. The U.S. commits to fully lifting the maritime blockade within 30 days of signing; Iran is required to reopen the Strait of Hormuz within the same timeframe. Regarding troop withdrawal, the U.S. promises to pull its forces out of the surrounding region within 30 days after the final agreement is signed.

$300 Billion Private Investment Fund, Excluding Government Funds. The draft requires the U.S. and its allies to propose an Iranian reconstruction plan totaling at least $300 billion. Foreign media reported on the 16th that the fund is a "private investment vehicle" and does not contain any government funds or grants. Commitments have already been secured for more than half of the amount, with contributors including companies from the U.S., Gulf countries, Asia, South America, and Africa, targeting sectors such as energy, logistics, manufacturing, and transport.

U.S. President Donald Trump stated on social media on the 16th that reports of "the U.S. paying $300 million to Iran" are "fake news." However, the draft's phrasing of "ensuring at least $300 billion in financial support" emphasizes raising funds from the private sector and regional nations, rather than direct appropriations from the U.S. government.

Oil Export Ban Lifted Immediately, Sanctions to Be Phased Out. The U.S. Department of the Treasury will issue waivers for Iranian crude oil, petrochemicals, and derivatives exports immediately after the memorandum is signed. The U.S. commits to terminating all sanctions against Iran under the framework of the final agreement, including UN Security Council resolutions, IAEA restrictions, and unilateral U.S. primary and secondary sanctions.

Nuclear Issue: Iran Reaffirms It Will Not Develop Nuclear Weapons. Iran reaffirms its commitment under the Treaty on the Non-Proliferation of Nuclear Weapons not to manufacture nuclear weapons. The final agreement will only address issues such as the disposal of enriched uranium, uranium enrichment activities, the lifting of sanctions, and economic reconstruction. According to the draft version disclosed by Iranian media, Iran's missile program and its support for regional resistance fronts are explicitly excluded from the agenda.

$24 Billion in Frozen Assets to Be Unfrozen in Two Tranches. Regarding frozen assets, Article 11 of the Bloomberg version of the draft only vaguely states that "Iran's frozen or restricted funds and assets will be unfrozen," without specifying concrete amounts or timelines.

The version disclosed by Iran's Mehr News Agency, however, explicitly demands the unfreezing of half of the $24 billion ($12 billion) before negotiations begin. A senior U.S. official denied this, calling it "a pay-for-performance agreement under which funds will only be unfrozen once Iran fulfills its commitments." Iranian Deputy Foreign Minister Gharibabadi stated that the funds are "Iran's legitimate right, without any restrictions."

The final agreement is expected to be approved via a binding UN Security Council resolution. However, people familiar with the matter revealed that some technical details are still being negotiated, and the wording may still be adjusted before the official signing.

Furthermore, Israeli Prime Minister Benjamin Netanyahu emphasized in a phone call with Trump on the 14th that Israel will maintain freedom of action and will not restrict itself in any way. Israeli Defense Minister Israel Katz stated that the Israeli military would remain in southern Lebanon "indefinitely." National Security Minister Itamar Ben-Gvir went further, explicitly stating that Israel is not bound by the agreement.