CNN has obtained a 14-point draft memorandum of understanding between the United States and Iran, as Donald Trump warns that “if I don’t like the final deal, I’ll start bombing them again.” The draft agreement outlines ceasefire terms, the reopening of the Strait of Hormuz, economic concessions to Tehran, and Iran’s reaffirmation that it will not pursue nuclear weapons.
The 14-point memorandum of understanding has not yet been officially released, but CNN obtained a copy from a U.S. official. A diplomat who reviewed it at the G7 Summit in France this week confirmed its contents, as did two other diplomatic sources with knowledge of the negotiations. Under the draft, the United States would allow Iran to export oil and petrochemical products, while Tehran would gain access to a $300 billion development fund, provided it honors its commitments regarding its nuclear program. The document does not include details on the future of Iran’s highly enriched uranium stockpiles.
The official told CNN that the document reflects an agreement signed electronically on Sunday (June 14, 2026) by U.S. President Donald Trump, Vice President JD Vance, and Iranian Parliament Speaker Mohammad Ghalibaf. However, given the secrecy maintained by both the U.S. and Iran regarding the text, it remains unclear whether the draft shared with CNN will contain the exact wording of the final document to be signed in person on Friday (June 19, 2026) in Switzerland. Technical details are also still being finalized, meaning the language may change.
Speaking to CNN, U.S. officials downplayed the significance of the memorandum itself, describing it as a “political document” that does not reflect critical commitments Iran has made to the United States — particularly regarding the future of Tehran’s nuclear program. The White House did not respond to a request for comment when presented with CNN’s draft. Iran’s semi-official Tasnim news agency described the leaked versions of the draft as inaccurate.
The memorandum of understanding is expected to be officially signed in two days, on Friday, at which point a 60-day period will begin for negotiating the final terms of a comprehensive agreement.
US-Iran agreement: The full text follows
– The Islamic Republic of Iran and the United States, together with their respective allies in the current war, declare, upon signing this Memorandum of Understanding, an immediate and permanent cessation of hostilities on all fronts, including Lebanon, and commit that henceforth they will not engage in any hostile action against one another and will refrain from threatening or using force against each other. The final agreement will confirm the provisions of this article and all remaining articles.
– The Islamic Republic of Iran and the United States commit to respecting the sovereignty and territorial integrity of each other and to refraining from interfering in each other’s internal affairs.
– The Islamic Republic of Iran and the United States commit to negotiating and reaching a final agreement within a maximum period of 60 days, which may be extended by mutual consent.
– Immediately upon the signing of this Memorandum of Understanding, the United States will lift the naval blockade and prevent any interference with or obstruction of the Islamic Republic of Iran, and will restore traffic within no more than 30 days; vessel traffic shall be commensurate with pre-war levels on the part of the Islamic Republic of Iran. The United States also commits to withdrawing its forces from surrounding areas within 30 days of the final agreement.
– Upon signing this Memorandum of Understanding, the Islamic Republic of Iran will immediately take steps to ensure that the movement of commercial vessels from the Persian Gulf to the Sea of Oman and vice versa reaches pre-war levels within 30 days, taking into account the need to remove technical obstacles and Iran’s clearance of mines.
– The United States commits, jointly with its regional partners, to developing a comprehensive plan — agreed upon by both parties — for the reconstruction and economic development of the Islamic Republic of Iran, while securing funding of at least $300 billion. The implementation mechanism for this plan, as part of the final agreement, will be established within 60 days.
– The United States commits to lifting, in accordance with a timeline to be agreed upon within the final agreement, all sanctions currently imposed on the Islamic Republic of Iran, including UN Security Council resolutions, International Atomic Energy Agency (IAEA) Board resolutions, and all unilateral U.S. sanctions, both primary and secondary.
– The Islamic Republic of Iran reaffirms that it will never build nuclear weapons. The Islamic Republic of Iran and the United States have agreed that the fate of enriched material and all other mutually agreed issues related to the nuclear sector, including Iran’s nuclear needs, will be determined in a final agreement; the final agreement will confirm the provisions of this article.
– The Islamic Republic of Iran and the United States agree that, pending a final agreement, they will maintain the status quo: Iran will maintain the status quo with respect to its nuclear program, while the United States will not impose new sanctions on Iran nor reinforce its forces in the region.
– The United States commits that, immediately upon the signing of this Memorandum of Understanding and until the date sanctions are lifted, the U.S. Department of the Treasury will issue exemptions for the export of Iranian crude oil, petrochemical products and their derivatives, as well as all related services, including banking, insurance, transportation, and similar services.
– The United States commits that, commensurate with progress in negotiations toward a final agreement, frozen or restricted funds and assets of the Islamic Republic of Iran will be unblocked and made fully available. These funds will be used for any payments to ultimate beneficiaries as determined by the Central Bank of the Islamic Republic of Iran and will be fully available for use. The United States commits to issuing all necessary licenses and approvals in accordance with the above.
– The Islamic Republic of Iran and the United States agree that an implementation mechanism will be established to oversee the successful implementation of the Final Agreement and future compliance with its commitments.
– Following the signing of this Memorandum of Understanding and upon receiving assurances regarding the commencement of implementation of Articles 4, 5, 10, and 11 of this Memorandum of Understanding, as well as the continued implementation of those measures, the Islamic Republic of Iran and the United States will begin negotiations on a Final Agreement covering exclusively the remaining articles.
– The final agreement will be approved through a binding UN Security Council resolution.
Trump’s new warning to Iran: “We’ll start bombing again if Tehran doesn’t agree with us”
In a new statement at the G7 Summit, U.S. President Donald Trump declared that the United States would “start dropping bombs again” if Iran does not accept the deal. Trump noted that the proposed agreement to end the Middle East conflict — expected to be finalized at a signing ceremony in Geneva on Friday — “is not final.”
“It’s a memorandum of understanding, and if I don’t like it, we’ll go back to shooting at them, dropping bombs right on top of their heads. I don’t like it when they don’t behave properly. We’ll start dropping bombs right in the middle of their heads,” the U.S. president stated.
The leaders of the Group of Seven wealthiest nations — the United States, United Kingdom, France, Germany, Canada, Italy, and Japan — are gathered in the alpine city for the summit, with representatives from the European Union and Ukraine also among those invited.
