Draft US-Iran Ceasefire MOU Revealed: "Lifting Maritime Blockade and Allowing Oil Exports"

By  Kim Young-a  | Jun 17, 2026

Draft US-Iran Ceasefire MOU Revealed: "Lifting Maritime Blockade and Allowing Oil Exports"
▲ United States, Iran

A draft of the Memorandum of Understanding (MOU) that the United States and Iran are scheduled to sign in Switzerland on the 19th (local time) to end the war has been made public.

Bloomberg reported that it had obtained the 14-article draft MOU, stating that the two countries plan to pursue negotiations to establish a permanent end to the war and implement new restrictions on Iran's nuclear program.

According to the released draft, the United States and Iran will declare an immediate and permanent end to the ongoing war upon signing the MOU.

This includes the Lebanon front, where Israel and the pro-Iranian militant group Hezbollah are currently in conflict.

The United States and Iran have pledged to respect each other's sovereignty and territorial integrity and to refrain from interfering in each other's internal affairs.

The two countries will negotiate to reach a final agreement within a maximum of 60 days after signing the MOU, with the provision that the negotiation period may be extended upon mutual agreement if necessary.

The draft also includes measures for the United States to lift its maritime blockade on Iran.

It also contains provisions allowing the export of Iranian crude oil and petrochemical products.

The scale of Iranian shipping operations is also set to be restored in proportion to pre-war levels.

The United States has promised to work with its "regional partners" to establish a comprehensive plan for Iran's reconstruction and economic development through mutual agreement, and to guarantee the procurement of at least $300 billion (453 trillion KRW) in funding.

Furthermore, the United States has agreed to unfreeze and release Iran's restricted funds and assets, allowing them to be used in full, in consideration of progress in the negotiations.

Additionally, the United States promised to withdraw its troops stationed in the "region surrounding Iran" within 30 days after a final agreement is signed.

Bloomberg projected that if this MOU is signed, it will establish a basic framework for ceasefire negotiations between the United States and Iran, while simultaneously serving as a starting point for follow-up negotiations on Iran's nuclear program.
※ Please note: This article was translated by AI and may contain errors.