A published copy of a reported U.S.-Iran memorandum says Washington would support a plan worth at least $300 billion for Iran’s reconstruction and economic development, while also committing to end sanctions as part of a final agreement. The document was described by Al Arabiya as a copy of the U.S.-Iran memorandum of understanding, and i24NEWS reported the memo’s 14 points after Al Arabiya published them.
The reported memo says the United States and Iran would declare an immediate and permanent end to the war on all fronts, including Lebanon, and would refrain from hostile action or threats of force against each other. It also says negotiations for a final agreement would take place within 60 days, with the period extendable by mutual consent.
Iran Deal Memo Includes $300 Billion Plan
The most politically sensitive part of the reported memo is its financial language. The published text says the United States, together with regional partners, would create a comprehensive plan to rehabilitate and assist Iran’s economic development and “ensure financing of at least $300 billion.” The mechanism for that plan would be worked out within 60 days as part of the final agreement.
Reuters separately reported that a $300 billion private fund, called the Reconstruction and Development Fund, is outlined in the U.S.-Iran framework agreement and that more than half of the amount has already been committed, citing a source with direct knowledge of the deal. The Reuters report said the fund would be a private investment vehicle, not a government grant or reparations program.
That distinction is central to the dispute over the deal. The published memo language refers to a U.S.-backed plan with regional partners, while Reuters’ source described the financial vehicle as separate from frozen asset talks and from sanctions relief. Reuters also reported that the fund would not become operational unless a final deal is signed.
Memo Says Sanctions Would End Under Final Deal
The published copy also says the United States would commit to ending all sanctions currently facing Iran, including United Nations Security Council resolutions, International Atomic Energy Agency Board of Governors measures and unilateral U.S. primary and secondary sanctions.
The memo also says the U.S. Treasury Department would issue waivers for exports of Iranian crude oil, petrochemical products and derivatives, along with related banking, insurance, transportation and other services.
The reported sanctions language would mark a major shift from years of U.S. pressure on Tehran. The published memo says Washington would refrain from imposing new sanctions while Iran maintains the status quo on its nuclear program pending a final agreement.
Strait of Hormuz and Frozen Assets
The reported memo says the United States would lift its blockade of the Strait of Hormuz and prevent interference against Iranian shipping immediately after signing. Traffic would be restored to full pre-war capacity within 30 days, and U.S. forces would withdraw from surrounding areas within 30 days, according to the published text.
The memo also says frozen or restricted Iranian funds and assets would be released and made fully available, with the U.S. issuing necessary permits and licenses.
Vice President JD Vance disputed some Iranian claims about assets, saying the U.S. had not agreed to release “billions of dollars of assets” and that a reported $24 billion figure “just doesn’t appear anywhere” in the texts discussed with Iran. Vance said the administration was willing to discuss unfreezing assets, but described broader sanctions relief as the larger issue if Iran makes long-term nuclear commitments.
Nuclear Terms Remain at the Center
The reported memo says Iran reiterates that it will never produce nuclear weapons, while the fate of enriched material and other nuclear issues would be addressed in a final agreement. It also says Iran would maintain the status quo on its nuclear program while negotiations continue.
CBS News reported that Vance said the administration wants to release the full text of the agreement this week and that technical talks would address how Iran’s enriched stockpile would be destroyed. He said the United States would confirm that the material is destroyed, though the exact enforcement role had not yet been settled.
U.S. and Iranian negotiators are expected to work across multiple tracks during the 60-day period, including nuclear issues, sanctions and regional security.
Administration Pushes Back on Payout Claims
The Trump administration has pushed back on the idea that the United States is directly paying Iran. Trump called claims that the U.S. was paying Iran “Fake News,” while Vance said any incentives would be connected to Iran’s performance under the agreement.
Vance described the possible fund as something Iran could access if it honors its obligations, and said the money would be funded through a Gulf coalition rather than a direct U.S. payout.
A White House spokeswoman referred to Vance’s CBS interview, where he said Iran could gain access to a $300 billion reconstruction fund backed by Gulf states if it complies with the agreement, including dismantling its nuclear program, eliminating enriched material and accepting inspections.
The reported memo creates immediate political pressure because it combines three highly sensitive issues: sanctions relief, reconstruction financing and nuclear guarantees. The text published from Al Arabiya says the final agreement would be approved through a binding U.N. Security Council resolution.
The reported agreement also says a mechanism would be established to oversee implementation and future commitments. Negotiations would move forward once Iran receives assurances that the provisions on Hormuz, shipping, oil waivers and asset releases are being implemented.
The text has not yet been formally released by the U.S. government. Until that happens, the public record consists of the published Al Arabiya version reported by other outlets, Reuters reporting based on sources familiar with the fund, and public statements from Trump administration officials disputing claims of a direct U.S. payout.
