US-Iran peace deal: Read full text of ‘leaked’ 14-point draft agreement

A leaked 14-point draft agreement between the United States and Iran, titled the *Islamabad Memorandum of Understanding*, was reportedly published by CNN on June 17, 2026, following mediation by Pakistan. The memorandum, reached over the weekend, is set for signing on Friday and outlines a framework to end military operations in West Asia, including Lebanon, while respecting each other’s sovereignty and territorial integrity. The agreement includes a 60-day timeline for final negotiations on broader terms, with provisions for easing financial restrictions on Iran and addressing its nuclear program in future technical talks. A key component is a $300 billion development fund for Iran’s reconstruction, contingent on compliance with nuclear commitments, though the fund will be financed by private investments rather than taxpayer money. The draft specifies immediate termination of military operations, including US naval blockades, and prohibits further threats or use of force. Pakistan played a central role as a mediator, facilitating dialogue between the two nations. However, the White House dismissed the leaked text as inaccurate, stating it does not reflect the actual language of the memorandum. The agreement also outlines consequences for non-compliance, including denial of access to the development fund and other economic incentives. While the draft was initially reported by Bloomberg and later by CNN, its contents could not be independently verified by Mint. The memorandum’s full text, as reported by CNN, includes 14 points, such as the permanent cessation of hostilities, respect for sovereignty, and a commitment to negotiate a final deal within 60 days. The document underscores the urgency of resolving conflicts in West Asia while addressing broader geopolitical tensions.