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Iran and U.S. Announce 14-Point Memorandum of Understanding on June 17, Including $300 Billion Reconstruction Plan

2026-06-16 20:45:13

According to Saudi Arabia's state television on June 17, Iran and the United States announced a 14-point memorandum of understanding that includes an immediate and permanent cessation of hostilities on all fronts, including Lebanon. The U.S. will lift its maritime blockade on Iran within 30 days and commit to withdrawing troops from the region within 30 days of a final agreement. The memorandum outlines that the U.S. will, in partnership with regional allies, establish a comprehensive development and reconstruction plan for Iran with at least $300 billion in funding. Both nations committed to negotiate a final agreement within 60 days, with provisions to lift all U.S. sanctions, unfreeze Iranian assets, and address nuclear-related issues, with the final accord subject to UN Security Council approval.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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