Draft US-Iran Deal Outlines Hormuz Reopening and Sanctions Relief

12.06.2026 13:13

A 14-point draft agreement details ceasefire terms, oil sanctions relief and the reopening of the Strait of Hormuz.

The draft agreement between Iran and the United States provides that Washington will lift oil sanctions, while Tehran will reopen the Strait of Hormuz, according to Iran’s state television.

According to the Mehr news agency, the 14-point document stipulates that final negotiations will not begin until half of Iran’s frozen assets are released, oil sanctions are suspended and the naval blockade is lifted.

On Thursday, US President Donald Trump said that the United States had “just reached a great deal for the war with Iran,” subject to the “finalisation of documents,” CNBC reported. He added that the Strait of Hormuz would reopen immediately once the agreement is signed.

Global markets reacted positively to the development, recording strong gains, while oil prices fell. US crude futures for July delivery dropped 1.61% and Brent futures for August delivery fell 1.75%.

The 14 Points of the Agreement

According to Mehr, the draft includes:

A permanent and immediate ceasefire across all fronts, including Lebanon.
A US commitment not to interfere in Iran’s internal affairs and to respect its sovereignty.
Full lifting of the naval blockade within 30 days.
Withdrawal of US forces from areas surrounding Iran.
Reopening of the Strait of Hormuz within 30 days under Iranian arrangements.
Suspension of sanctions on oil, petrochemicals and related products, and full access for Iran to its financial resources.
Reconstruction plans for Iran valued at at least $300 billion from the US and its allies.
A 60-day period of negotiations to reach a final agreement focusing on nuclear issues and the full lifting of US and UN sanctions.
Reaffirmation of Iran’s commitment under the Non-Proliferation Treaty (NPT) not to produce nuclear weapons.
No increase in US military presence and no new sanctions during negotiations.
Release of $24 billion in frozen Iranian funds during the 60-day negotiation period, with half to be made available in advance.
Establishment of a monitoring mechanism to oversee implementation.
Final agreement to be approved by a UN Security Council resolution.
Final talks to focus exclusively on nuclear issues, sanctions relief and Iran’s economic reconstruction, excluding missile programmes and support for regional groups.