Full text of US-Iran deal promises sanctions relief and phased access to frozen funds: Report

Full text of US-Iran deal promises sanctions relief and phased access to frozen funds: Report Submitted by MEE staff on Tue, 06/16/2026 - 22:15 US may pull forces out of areas near Iran as part of a final peace deal and commits to supporting a $300bn reconstruction fund, Bloomberg says US President Donald Trump speaks during a 'Secure America Act' signing ceremony in the Oval Office of the White House in Washington, DC, on 10 June 2026 (Ken Cedeno/AFP) Off Iran is set to receive sanctions relief for the sale of its oil and related petroleum products as part of a memorandum of understanding with the US that could also unlock $300bn for the redevelopment of the Islamic Republic, according to the text of the agreement circulating in US media. The details have been reported by several media outlets, but Bloomberg obtained a full draft of the memorandum which appears to usher in sweeping gains for Iran without addressing key US war objectives. For example, the memorandum cited by Bloomberg does not address the fate of Iran’s enriched uranium, long considered a sticking point in negotiations.