Draft U.S.-Iran Interim Agreement Revealed: Iran May Secure at Least $300 Billion in Economic Development Financing
Taylor Wilson
A draft U.S.-Iran memorandum of understanding obtained by Bloomberg shows Iran will resume oil exports immediately and receive at least $300 billion in reconstruction financing after a final deal. This means → the global crude supply map and the Middle East security order could both be redrawn at once.
What does this draft actually commit to?
The two sides plan to sign the memorandum Friday at Bürgenstock, Switzerland, launching a 60-day window to negotiate a final agreement.
The core exchange: Iran pledges to never develop nuclear weapons, dispose of enriched material, and guarantee strait navigation. The U.S. lifts its blockade, issues oil-export waivers, and moves to release frozen assets.
In plain terms = this is a "ceasefire first, oil first, big peace later" phased framework — not the final deal itself, but the roadmap to one.
How are oil exports and the naval blockade handled?
Under the draft, the U.S. Treasury issues waivers for Iranian crude, petrochemical exports, and all related banking, insurance, and shipping services immediately upon signing.
The U.S. also ends its naval blockade of Iranian ports; Strait of Hormuz shipping must return to pre-war levels within 30 days.
Bloomberg ship-tracking data shows several Iran-linked tankers already repositioning — including two supertankers capable of carrying 2 million barrels each, now with transponders on and moving away from the strait.
This means → the physical supply chain is already in motion before the ink is dry.
Where does the $300 billion come from, and how is it spent?
Article 6 of the draft: the U.S. and regional partners will design a comprehensive reconstruction and economic development plan for Iran, with financing of at least $300 billion.
The execution mechanism is deferred to the final agreement, to be finalized within the 60-day negotiation window.
On frozen Iranian assets, the draft states they "shall be released and fully available" — but sets no specific timeline.
In plain terms = the dollar figure is on paper, but when the money actually arrives depends on how the final deal shapes up.
How is Iran's nuclear program constrained?
Iran reaffirms in the draft that it will never develop nuclear weapons.
The fate of enriched material and all other nuclear-related issues are pushed entirely to the final agreement.
During negotiations, the status quo holds: Iran does not advance its nuclear program; the U.S. imposes no new sanctions and does not increase its military presence.
This reflects a "freeze now, defuse later" strategy — lock the situation in place first, then tackle the hardest nuclear details.
Where is the biggest obstacle?
The Israel variable: the draft calls for a ceasefire on "all fronts, including Lebanon," but Israeli Prime Minister Netanyahu has so far refused to end the war with Hezbollah on Israel's northern border.
Sanctions relief is conditional: the U.S. commits to full sanctions removal only after a final deal, with troop withdrawal from "the surrounding region" within 30 days after that.
A U.S. official stated explicitly: Iran receives the deal's benefits only if it fulfills its commitments.
This means → the memorandum draws the roadmap, but the hardest stretch — getting Israel to agree to a ceasefire and making sanctions relief real — has no answer yet.
What are the next dates to watch?
Friday: signing ceremony at Bürgenstock, Switzerland.
The release date for the full text remains unclear — Trump says it will be published "at some point" after signing; a senior U.S. official says possibly within days.
Iran's central bank governor Abdolnaser Hemmati said Iran will demand full guarantees of "effective access" to frozen funds after the formal signing.
In plain terms = the signature is just the starting gun; the real contest begins with the 60-day countdown.
Content is for reference only, not financial advice.