Only 48 hours remain until the official signing of the agreement between the US and Iran, and CNN reveals the exact content of the memorandum of understanding that the two sides are set to sign in Switzerland this coming Friday, June 19. It is reported that the US will allow Iran to sell oil and petrochemical products, while Tehran may gain access to a development fund of $300 billion, provided it adheres to the commitments related to its nuclear program in future negotiations, although it is emphasized that no specific details regarding the future of Iran's highly enriched uranium are included in the text.
Despite this, CNN points out that it remains unclear whether the draft in its possession exactly reflects the final text to be signed in person on Friday in Switzerland, as technical details are still being finalized. However, President Trump stated in his remarks from the G7 that the US will not invest in Iran and warned Tehran that if it does not behave properly, then the US will bomb again.
Trump: Iran will never obtain a nuclear weapon, we will not invest anything
In his statements, and during a meeting with the President of Egypt, El Sisi, Trump declared that there is a "99.99% chance" that Iran will never obtain a nuclear weapon. Furthermore, he said that reports suggesting the US-Iran agreement includes a provision for $300 billion in funding to Iran for reconstruction purposes are false. "We are not going to put in even ten cents," the American president stated. "We are not investing and we do not have any such fund," he added. Trump clarified that he is not asking Gulf countries to invest in Iran, but noted that "if they do, there is no problem." "I would say they are not going to do it soon, until they see what their behavior will be," the US president emphasized.
Trump: Markets are really happy with the agreement with Iran
At the same time, he reiterated his view that the agreement between the US and Iran is "very strong." "No one knows exactly what it includes, but it is very strong," he said. "The ones who are really happy are the markets," Trump stated, adding that the Strait of Hormuz will be fully open within the next "one or two days."
Trump: If they don't behave, we will start bombing them again
When asked if the agreement is "final," Donald Trump replied: "No, it is not final." "It is a Memorandum of Understanding. And if I don't like it, we will return to shooting them, dropping bombs on their heads." "If I don't like it, if they don't behave properly, we will immediately return to dropping bombs straight on the center of their heads," said the American president.
Trump: Oil prices were low because... we were neutralizing ships every night
As Trump said, the reason oil prices remained low is that every night we were neutralizing ships, without you even knowing it. "Two days ago, three days ago, a month ago, we neutralized 22 ships. On average, we were neutralizing from 15 to 25 ships every night. No one knew this. Our Navy did an excellent job. No one knew what was happening. That is why oil did not reach $300 per barrel; it reached $125 or $150. Now it is at $72 or $73. I heard that now it is even lower," Trump said.
CNN: The text of the US-Iran agreement, the key terms
The agreement between Iran and the US defines the terms of the ceasefire between the two rivals, the reopening of the Strait of Hormuz, certain economic relief measures for Iran, and the reaffirmation by Tehran that it will never construct a nuclear weapon, according to a copy of the text obtained by CNN. The 14-point memorandum of understanding (MoU) has not yet been officially released, although a copy was obtained by CNN from a US official. A diplomat who saw it during the G7 summit in France this week confirmed its content, as did two more diplomatic sources with knowledge of the negotiations. Under the agreement, the US will allow Iran to sell oil and petrochemical products, while Tehran may gain access to a $300 billion development fund, provided it keeps commitments related to its nuclear program in future negotiations. The document does not include specific details regarding the future of Iran's highly enriched uranium.
Unclear if it will be the final text
The American official told CNN that the text reflects the agreement signed digitally by President Donald Trump, Vice President JD Vance, and the Speaker of the Iranian Parliament Mohammad Bagher Ghalibaf on Sunday. However, given the secrecy maintained by both the US and Iran regarding the wording, it remains unclear if the draft obtained by CNN exactly reflects the final text to be signed in person on Friday in Switzerland. Meanwhile, technical details are still being finalized, so the wording may still change. Speaking to CNN, US officials downplayed the importance of the memorandum itself, characterizing it as a "political document" that does not capture critical commitments Iran has made through backchannel communications, especially regarding the future of its nuclear program. The White House did not respond to a request for comment when presented with the draft obtained by CNN.
Iran denies the leaks
The semi-official Iranian news agency Tasnim described the leaks of versions of the draft as inaccurate. Bloomberg had previously published a version of the draft. An informed source told the Tasnim agency that the text published by Bloomberg as the full text of the memorandum of understanding between Iran and the US is not accurate. The source, who is close to the Iranian negotiating team, stated that the circulating text contains many omissions and inaccuracies. As he added, the memorandum indeed consists of 14 articles, as had already been announced, and the basic themes covered by these 14 articles have been repeatedly presented in the media. However, the details provided by Bloomberg for each article are in several cases incomplete. The same source emphasized that, for example, the first article as well as the article concerning the Strait of Hormuz, as presented in the Bloomberg report, are clearly inaccurate and omit certain important keywords and key phrasings. Finally, he emphasized that, based on the agreement between the two sides, the full text of the memorandum of understanding will be made public after its official signing on Friday.
The full text
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The Islamic Republic of Iran and the United States, together with their allies in the current war, declare with the signing of this Memorandum of Understanding the immediate and permanent end of the war on all fronts, including Lebanon, and undertake the obligation that from now on they will not engage in any hostile act against one another and will refrain from the threat or use of force against each other. The final agreement will confirm the provisions of this article and the remaining articles.
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The Islamic Republic of Iran and the United States commit to respect each other's sovereignty and territorial integrity and to refrain from any interference in the internal affairs of the other side.
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The Islamic Republic of Iran and the United States commit to negotiate and reach a final agreement within a maximum period of 60 days, which can be extended by mutual consent.
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Immediately after the signing of this Memorandum of Understanding, the United States will lift the naval blockade and prevent any interference or obstruction against the Islamic Republic of Iran, restoring navigation to its full capacity within a maximum period of 30 days. The movement of ships will be proportional to the pre-war volume of maritime traffic on the part of the Islamic Republic of Iran. The United States also commits to withdraw its forces from the surrounding areas within 30 days of the final agreement.
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With the signing of this Memorandum of Understanding, the Islamic Republic of Iran will take immediate measures so that the movement of commercial ships from the Persian Gulf to the Sea of Oman and vice versa is restored within 30 days, to pre-war levels, taking into account the need for the removal of technical obstacles and the neutralization of mines by Iran.
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The United States undertakes, together with its regional partners, to create a comprehensive plan, agreed upon by the two parties, for the restoration and economic development of the Islamic Republic of Iran, ensuring funding of at least $300 billion. The implementation mechanism of this plan, as part of the final agreement, will be shaped within 60 days.
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The United States commits to terminate, based on a timetable to be agreed upon in the context of the final agreement, every form of sanctions that the Islamic Republic of Iran currently faces, including decisions by the UN Security Council, the Board of Governors of the International Atomic Energy Agency (IAEA), as well as all unilateral American sanctions, primary and secondary.
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The Islamic Republic of Iran reiterates that it will never construct nuclear weapons. The Islamic Republic of Iran and the United States agree that the fate of the enriched material and all other mutually agreed issues related to nuclear matters, including Iran's nuclear needs, will be adequately regulated in the final agreement. The final agreement will confirm the provisions of this article.
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The Islamic Republic of Iran and the United States agree that, until a final agreement is reached, they will maintain the existing status: Iran will keep its nuclear program unchanged, and the United States will not impose new sanctions nor will it strengthen its forces in the region.
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The United States commits that immediately after the signing of this Memorandum of Understanding and until the date of the lifting of sanctions, the US Department of the Treasury will issue waivers for the exports of Iranian crude oil, petrochemical products, and their derivatives, as well as for all related services, including banking, insurance, and transport services.
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The United States commits that, in light of the progress of negotiations toward a final agreement, the frozen or restricted funds and assets of the Islamic Republic of Iran will be released and become fully available. These funds, whether held in a main account or have been transferred, will be used for any final beneficiary payment determined by the Central Bank of the Islamic Republic of Iran and will be fully available for use. The United States commits to issue all necessary permits and approvals for this purpose.
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The Islamic Republic of Iran and the United States agree that an implementation mechanism will be created to oversee the successful implementation and future observance of the Final Agreement.
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After the signing of this Memorandum of Understanding and after assurances are provided regarding the commencement of the implementation of Articles 4, 5, 10, and 11 of this Memorandum, as well as the continuous application of these measures, the Islamic Republic of Iran and the United States will enter into negotiations for the Final Agreement exclusively regarding the remaining articles.
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The final agreement will be approved through a binding resolution of the United Nations Security Council.
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