A fragile truce could reshape the Middle East.
EVIAN, FRANCE — June 2026. A leaked 14-point draft agreement between the United States and Iran outlines an ambitious framework to end the war, restore maritime traffic through the Strait of Hormuz, address Tehran’s nuclear program and gradually remove sanctions imposed on the Islamic Republic.
The document, reportedly circulated during the Group of Seven summit in France, has attracted international attention despite remaining unconfirmed in its final form by Washington and Tehran.
The proposed memorandum of understanding is expected to serve as an interim arrangement while both countries negotiate a comprehensive agreement within a maximum period of 60 days, although that deadline could be extended by mutual consent.
The first provision declares an immediate and permanent end to the war on all fronts, including Lebanon, and requires the United States, Iran and their respective allies to cease hostile actions, threats and any further use of force.
Both governments would also commit themselves to respecting each other’s sovereignty and territorial integrity while refraining from interfering in their internal political affairs.
Under the maritime provisions, Washington would lift its naval blockade immediately after the memorandum is signed and avoid interfering with Iranian vessels, ports and commercial operations.
The United States would also be required to restore Iran’s maritime traffic to its prewar capacity within 30 days and eventually withdraw its forces from surrounding areas following the conclusion of the final agreement.
Iran, meanwhile, would take the technical and security measures necessary to restore commercial navigation between the Persian Gulf and the Gulf of Oman within the same 30-day period.
Those operations would include removing navigation obstacles and clearing mines or other hazards that have disrupted the movement of cargo ships and oil tankers through one of the world’s most important energy corridors.
The draft also contains a major economic component under which the United States and its regional partners would prepare a reconstruction and development plan for Iran worth at least $300 billion.
The financing mechanism would be negotiated and incorporated into the final agreement during the 60-day diplomatic period.
Washington would additionally agree to establish a timetable for ending sanctions currently affecting Iran, including unilateral American restrictions, secondary sanctions and measures connected to United Nations Security Council and International Atomic Energy Agency decisions.
The nuclear issue would remain one of the most sensitive elements of the final negotiations.
Iran would formally reaffirm that it will never manufacture or acquire nuclear weapons, while the future of its enriched uranium stockpile, nuclear infrastructure and civilian atomic-energy requirements would be settled through the definitive agreement.
The draft does not demand the immediate dismantling of Iran’s entire nuclear program.
Instead, both sides would temporarily preserve the existing situation while negotiations continue, with Iran maintaining the current status of its nuclear activities and the United States refraining from introducing additional sanctions or increasing its military presence in the region.
Economic relief would begin before the final agreement is completed.
The US Treasury Department would issue waivers allowing Iran to export crude oil, petrochemical products and related derivatives while also authorizing the banking, insurance, transportation and financial services required to support those transactions.
The gradual release of Iranian funds and assets frozen or restricted abroad would also be linked to progress in the negotiations.
Once released, the assets would become available to Iran’s Central Bank, which would determine the recipients and purposes of the payments.
An implementation mechanism would be created to supervise compliance, evaluate the actions taken by each government and address possible disputes arising after the final agreement enters into force.
According to the draft, negotiations on the remaining political, nuclear and economic provisions would formally begin after Iran receives guarantees that the maritime blockade has been lifted, oil-export waivers have been issued and access to frozen assets has started to be restored.
The final agreement would then be submitted to the United Nations Security Council for approval through a legally binding resolution, giving the arrangement an international framework extending beyond the bilateral commitments of Washington and Tehran.
Despite the document’s detailed provisions, significant uncertainty remains over whether all 14 points will survive the final negotiating process.
US President Donald Trump has played down the leaked version, insisting that the definitive agreement has not yet been disclosed and warning that military action could resume if Iran fails to respect its obligations.
The reported agreement represents an attempt to connect four major objectives: ending hostilities, reopening the Strait of Hormuz, limiting the risk of nuclear proliferation and creating a phased process for Iran’s economic reintegration.
Its implementation would depend on verification, reciprocal guarantees and the ability of both governments to control the actions of their regional allies during the negotiating period.
With global energy markets, maritime trade and Middle Eastern security closely tied to the outcome, the proposed signing in Switzerland could mark the beginning of a broader diplomatic settlement, but the decisive test will come when the commitments written into the draft must be translated into verifiable actions.
The world is watching.