A draft memorandum of understanding (MOU) that the United States and Iran plan to sign in Switzerland on the 19th local time to end the war has been made public by the media.
On the 17th, Bloomberg said it had obtained the MOU draft and reported that it contains economic support measures Iran would receive in return for lifting the blockade of the Strait of Hormuz and reaffirming that it will never pursue the development of nuclear weapons.
According to the draft, the United States and Iran will declare the immediate and permanent end of the ongoing war upon signing the MOU. This includes the Lebanon front, where Israel and the Iran-aligned armed faction Hezbollah are clashing.
The two countries pledged to respect each other's sovereignty and territorial integrity and not to interfere in internal affairs. They also agreed to negotiate with the goal of reaching a final agreement within 60 days of signing the MOU, and, if necessary, to extend the negotiation period by mutual consent.
Economic support measures for Iran were also included. According to the draft, the United States, together with "regional partners," will establish a comprehensive plan for Iran's reconstruction and economic development by mutual agreement and promised to guarantee funding of at least $300 billion (about 453 trillion won).
The draft did not specify a concrete timeline for releasing Iran's frozen asset. It only stated that the funds would be "released and made fully available." A U.S. government official emphasized that Iran must fulfill its promises to enjoy the benefits of the agreement.
It also included lifting the U.S. maritime blockade against Iran and allowing exports of Iranian crude oil and petrochemical products. It assumed that the scale of Iranian ship operations would return to the prewar level.
Although the United States and Iran have not yet officially released the full text of the agreement, the United States has begun distributing the draft to allies at the Group of Seven (G7) summit in France, Bloomberg reported.
A person familiar with the matter said technical details are still being coordinated. This suggests that some final wording could be revised before the signing.