Islamabad Memorandum

Memorandum of Understanding between the United States of America and the Islamic Republic of Iran

Signed: June 17, 2026 — Versailles, France

Key Signatories

Text of the Memorandum

1. The United States of America and the Islamic Republic of Iran and their allies in the current war, by signing this MoU, declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other, and to refrain from the threat or use of force against each other, and ensuring the territorial integrity and sovereignty of Lebanon. The final deal will confirm the permanent termination of the war on all fronts, including in Lebanon, and other provisions of this paragraph.

2. The United States of America and the Islamic Republic of Iran undertake to respect each other's sovereignty and territorial integrity and to refrain from interfering in each other's internal affairs.

3. The United States of America and the Islamic Republic of Iran commit to negotiating and achieving the final deal in a maximum of 60 days, extendable with mutual consent.

4. Immediately upon the signing of this MoU, the United States of America will begin the removal of its naval blockade and any disturbances or impediments against the Islamic Republic of Iran, and will fully end the naval blockade within 30 days. During this period, the traffic of vessels will be in proportion to the numbers of pre-war traffic being restored by the Islamic Republic of Iran. The United States of America further undertakes to remove its forces from the proximity of the Islamic Republic of Iran within 30 days after the final deal.

5. Upon the signing of this MoU, the Islamic Republic of Iran will make arrangements using its best efforts for the safe passage of commercial vessels with no charge for 60 days only, from the Persian Gulf to the Sea of Oman and vice versa. The traffic of commercial vessels will immediately start, and — considering the need for removing technical and military obstacles and demining by the Islamic Republic of Iran — will be instated within 30 days. The Islamic Republic of Iran will conduct dialogue with the Sultanate of Oman to define the future administration and maritime services in the Strait of Hormuz, in discussion with other Persian Gulf littoral states, in line with applicable international law and the sovereign rights of coastal states of the Strait of Hormuz.

6. The United States of America undertakes, with regional partners, to develop a definitive, mutually agreed plan with at least $300 billion for the reconstruction and economic development of the Islamic Republic of Iran. The mechanism for implementing this plan will be finalized as part of a final deal within 60 days. All required licenses, waivers, and permissions needed for the relevant financial transactions will be granted by the United States of America.

7. The United States of America undertakes to terminate all types of sanctions against the Islamic Republic of Iran, including United Nations Security Council resolutions, IAEA (International Atomic Energy Agency) Board of Governors resolutions, and all unilateral U.S. sanctions — primary and secondary — on an agreed-upon schedule as part of the final deal.

8. The Islamic Republic of Iran and the United States of America acknowledge the critical importance of the sanctions-termination issue above and express their intention to immediately address these issues in negotiations, in order to achieve mutual agreement on them. The Islamic Republic of Iran reaffirms that it shall not procure or develop nuclear weapons. The United States of America and the Islamic Republic of Iran have agreed to resolve the disposition of stockpiled enriched material pursuant to a mechanism to be mutually agreed upon in accordance with the schedule mentioned in paragraph 7, with the minimum methodology being downblending on site under the supervision of the IAEA. The two parties also agreed to discuss the issue of enrichment and other mutually agreed matters related to Iran's nuclear needs, based on a satisfactory framework to be agreed upon in the final deal. The final deal will confirm the provisions of this paragraph. Both parties acknowledge the critical importance of these nuclear issues and express their intention to immediately address them in negotiations in order to achieve mutual agreement.

9. Pending the final deal, the United States of America and the Islamic Republic of Iran agree to maintain the status quo. Iran will maintain the current status quo of its nuclear program, and the United States will not impose any new sanctions and will not deploy additional forces in the region.

10. The United States of America undertakes that, immediately upon signing this MoU until the termination of sanctions, the U.S. Department of the Treasury will issue waivers for the export of Iranian crude oil, petroleum products and derivatives, and all associated services, including banking transactions, insurance, transportation, etc.

11. The United States of America undertakes to make fully available for use the frozen or restricted funds and assets of the Islamic Republic of Iran upon implementation of this MoU.

12. The United States of America and the Islamic Republic of Iran will mutually agree on procedures related to the release of these funds during negotiations. Such funds, whether retained in the original account or transferred, shall be made fully usable for payment to any ultimate beneficiary designated by the Central Bank of the Islamic Republic of Iran. The United States of America undertakes to issue all necessary licenses and authorizations accordingly. Both parties agree that an executive mechanism will be established to monitor the successful implementation of this MoU and future compliance with the final deal.

13. After signing this MoU, and subject to the beginning of implementation of paragraphs 1, 4, 5, 10, and 11 (and their continuing implementation), the United States of America and the Islamic Republic of Iran will start negotiations regarding the final deal, exclusively on the remaining paragraphs.

14. The final deal will be endorsed by a binding UNSC (U.N. Security Council) resolution.

Signed June 17, 2026, at Versailles, France.