U.S. presents full text of Iran truce memo

2026-06-17

U.S. official explains full text of memo

A senior U.S. official on the 17th disclosed the full text of a 14-point memorandum aimed at ending hostilities with Iran. The document states that Iran will not acquire or develop nuclear weapons. It sets a 60-day negotiating period and pledges $300 billion in reconstruction funds and the lifting of 'all sanctions' if a final agreement is reached.

Strait of Hormuz and nuclear issue

The official read the full text to reporters, but did not release the document itself. The title is 'The Islamabad Memorandum by the United States and Iran', and it was not revised after the U.S.-Iran signing on the 14th. On some reports, the senior official said that 'an incorrect document was reported'.

The opening of the Strait of Hormuz will begin after both sides formally sign. After signing, the U.S. military will immediately move to lift the naval blockade on Iran, completing the process within 30 days. Iran will also allow commercial shipping to pass, grant free passage for 60 days, and proceed with mine clearance. The plan also calls for consultations with Iran, Oman and others over future management of the strait.

On the nuclear issue, the document says Iran has agreed to dilute the enriched uranium it holds domestically. It states that 'dilution on site under the supervision of the International Atomic Energy Agency (IAEA) is the minimum method'. If both sides agree, an extension is possible, but the final accord, which aims to be reached within 60 days, will determine details such as disposal methods.

Sanctions relief and reconstruction support

It declared an immediate and permanent end to military operations on 'all fronts', including Lebanon, where Israel and the pro-Iran group Hezbollah are in conflict. Going forward, the two sides will not start wars or military operations against each other, and will refrain from threats or use of force.

If a final agreement is reached, the United States will lift 'all types of sanctions'. It also said the U.S. will work with regional partners to invest at least $300 billion, or 48 trillion yen, in reconstruction funds for Iran. As a specific example, it also outlined a proposal to ease sanctions so that the United Arab Emirates (UAE) can build a power plant in Iran. The formal signing ceremony is scheduled for the 19th at a resort in central Switzerland, with Vice President Vance attending from the U.S. side and parliament speaker Qalibaf attending from the Iranian side.

The senior U.S. official also said that Israeli Prime Minister Netanyahu had told the White House that 'if he can extract all concessions from Iran as the United States is thinking, it will be a historic agreement'.

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