'$300bn reconstruction aid, sanctions lift' – US–Iran MoU details emerge

A memorandum of understanding between the United States and Iran, read by a senior US official on June 17, 2026, includes $300 billion in reconstruction aid and sanctions relief. The document calls for an immediate and permanent end to military operations on all fronts, including in Lebanon, mutual respect for sovereignty, and negotiations for a final deal within 60 days. The US agrees to lift its naval blockade within 30 days, while Iran will facilitate the safe passage of commercial vessels in the Persian Gulf.