The USA and Iran may sign a memorandum as early as June 17: full text of 14 points and what it means for Israel

The US and Iran are discussing the possibility of signing a memorandum of understanding electronically as early as June 17, 2026, without waiting for the previously planned ceremony on June 19 in Switzerland. This is not about a final peace treaty or a full nuclear agreement, but about a document that should stop the military phase of the conflict and open a period of negotiations.

For Israel, this text has direct significance. It mentions the cessation of hostilities “on all fronts, including Lebanon,” the lifting of restrictions on Iran, the restoration of Iranian oil exports, access to frozen assets, and a separate block on the nuclear program. Reuters also published a 14-point draft and described it as a basis for ending the conflict and transitioning to a final agreement within 60 days.

Below is the text of the memorandum in the version currently being circulated as a 14-point document between the US and the Islamic Republic of Iran.

Exact text of the memorandum

1. The US and Iran, as well as their allies in the current war, declare with the signing of this memorandum the immediate and permanent cessation of military activities on all fronts, including Lebanon, and commit not to start war or any military actions against each other, refrain from threats or use of force against each other, and guarantee the territorial integrity and sovereignty of Lebanon. The final agreement will confirm the permanent cessation of war on all fronts, including Lebanon, as well as the other provisions of this point.
2. The US and Iran commit to respect each other’s sovereignty and territorial integrity and refrain from interfering in each other’s internal affairs.
3. The parties commit to negotiate and reach a final agreement within no more than 60 days with the possibility of extension by mutual consent.
4. Immediately after the signing of the memorandum, the US will begin lifting its naval blockade and any other restrictions against Iran and will complete it within 30 days. During this period, Iran will gradually restore ship movements to pre-war levels. The US also commits to withdraw its forces from proximity to Iran within 30 days after signing the final agreement.
5. Iran commits to ensure the safe passage of commercial ships without payment for 60 days through the Persian Gulf and the Sea of Oman and back. Commercial shipping will be restored immediately, and full normalization will occur within 30 days, taking into account demining and removal of military obstacles.
6. Iran will conduct a dialogue with Oman to determine future management mechanisms and maritime services in the Strait of Hormuz, with consultations with other coastal states and in accordance with international law.
7. The US, together with partners, will develop an economic recovery program for Iran amounting to at least $300 billion. The implementation mechanism will be agreed upon within 60 days. The US will provide all necessary licenses and permits for financial operations.
8. The US commits to lift all sanctions against Iran, including UN sanctions, IAEA sanctions, as well as primary and secondary US sanctions, according to an agreed schedule. Both parties confirm the importance of the issue and intend to discuss it immediately in negotiations.
9. Iran confirms that it will not develop nuclear weapons. Issues of enriched material will be resolved under IAEA control, including possible dilution on site. The parties will also discuss enrichment issues and other nuclear issues within the framework of a future agreement.
10. Until the signing of the final agreement, the status quo is maintained: Iran does not change its nuclear program, and the US does not impose new sanctions or deploy additional forces in the region.
11. The US will immediately issue licenses allowing the export of Iranian oil, petroleum products, and related services: banking, insurance, transportation, and others.
12. The US will ensure full access to frozen and restricted Iranian assets. The parties will agree on a mechanism for their unblocking. The funds will be available for use by decision of the Central Bank of Iran.
13. A mechanism is created to monitor the implementation of the memorandum and compliance with the future final agreement.
14. After signing and fulfilling key points, the parties will begin negotiations on remaining issues, and the final agreement will be approved by a UN Security Council resolution.

Postscript

The main feature of this document is that it does not close the Iranian issue but moves it to a new phase. The memorandum gives the parties 60 days to prepare a final agreement, but already at the first stage provides for significant steps: lifting the naval blockade, restoring shipping, issuing licenses for the export of Iranian oil, access to assets, and a future recovery program for Iran amounting to at least $300 billion.

For Israel, the most sensitive point is not only the nuclear program but also the wording on the cessation of hostilities “on all fronts, including Lebanon.” This means that the document may affect the northern front, Hezbollah, and Israel’s freedom of action against Iranian military infrastructure in the region.

A separate issue is the nuclear part. In the text, Iran confirms that it will not develop nuclear weapons, but issues of enrichment, the fate of enriched material, and future control are postponed to subsequent negotiations. That is, it is not about dismantling the nuclear program now, but about a framework for a future deal under IAEA supervision.

Therefore, for Israel, this memorandum may become one of the most important documents of June 2026. The US seeks to stop the war, restore shipping, and return to the diplomatic process. Iran receives economic breathing space and time. And Israel faces the main question: will this agreement become a real limitation of the Iranian threat or just a pause during which Tehran retains its key capabilities.

NAnews — Israel News will follow the development of this topic because the consequences of such a document can directly affect Israel’s security, the situation in the north of the country, US-Israel relations, and the entire balance of power in the Middle East.