US-Iran 14-Point Draft Deal Unveiled
The full text of a 14-point draft agreement between the United States and Iran, titled the 'Islamabad Memorandum of Understanding,' has been released, detailing key provisions on sanctions, the Strait of Hormuz, uranium enrichment, and future nuclear negotiations. The document, dated June 17, 2026, was published by sources close to the talks and outlines a framework for de-escalation and mutual concessions.
Key Provisions on Sanctions
The draft deal proposes a phased lifting of sanctions on Iran, linked to verified compliance with nuclear restrictions. Specifically, the US would suspend sanctions on Iran's oil exports and banking sector within 60 days of the agreement's signing, provided Tehran reduces its uranium enrichment levels to 3.67% and allows International Atomic Energy Agency (IAEA) inspections of all nuclear sites.
Strait of Hormuz Commitments
Both parties agree to ensure freedom of navigation in the Strait of Hormuz. Iran commits to refraining from any actions that could disrupt maritime traffic, while the US pledges to respect Iran's territorial waters and avoid provocative military maneuvers. A joint monitoring mechanism is to be established to oversee compliance.
Uranium Enrichment and Stockpile Limits
Iran agrees to cap its enriched uranium stockpile at 300 kg of 3.67% enriched uranium for 15 years, dismantle advanced centrifuges (IR-6 and IR-8), and convert the Fordow facility into a nuclear research center. In return, the US will remove sanctions on Iran's nuclear energy sector and support peaceful nuclear technology transfers.
Nuclear Talks Framework
The deal establishes a roadmap for comprehensive nuclear negotiations, to be concluded within 12 months. This includes addressing outstanding issues such as ballistic missiles and regional security. A joint commission, comprising the US, Iran, and other parties (including the EU and China), will oversee progress and resolve disputes.
Reactions and Next Steps
Analysts view the draft as a significant step toward reducing tensions, though implementation remains contingent on congressional approval in the US and ratification by Iran's Supreme National Security Council. The document emphasizes that all provisions are interdependent, meaning failure to comply by either side could lead to the reinstatement of sanctions or suspension of commitments.
The Islamabad Memorandum marks the most detailed bilateral agreement since the 2015 Joint Comprehensive Plan of Action (JCPOA), which collapsed in 2018. If finalized, it could reshape Middle East geopolitics and global energy markets.
