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Draft US-Iran agreement could unlock $25 billion in frozen assets

Sunday 14 June 2026 - 11:44

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A proposed framework agreement between Iran and the United States could pave the way for the release of approximately $25 billion in frozen Iranian assets, according to a senior Iranian official, signaling potential progress in efforts to ease tensions between the two longtime adversaries.

The draft memorandum of understanding reportedly addresses several key issues that have complicated relations between Washington and Tehran for years, including economic sanctions, Iran’s nuclear activities, regional security, and energy exports. If approved, the document would serve as the basis for negotiations toward a comprehensive agreement expected to be finalized within the following 60 days.

One of the most significant provisions concerns financial relief for Iran. Under the reported terms, the United States would facilitate the release of billions of dollars in Iranian assets currently frozen abroad through a combination of direct transfers, regional financial cooperation, and credit mechanisms. Such a move could provide a substantial boost to Iran’s economy, which has been heavily affected by international sanctions.

The proposal also reportedly includes a temporary suspension of U.S. oil sanctions, allowing Iran to increase petroleum exports and regain access to global energy markets. Analysts note that any increase in Iranian oil production could have important implications for international energy prices and global supply chains.

Another major element of the draft focuses on the Strait of Hormuz, one of the world's most strategically important maritime routes. According to the reported framework, Iran would reopen the waterway to unrestricted commercial navigation, while the United States would lift restrictions affecting Iranian ports. These measures are intended to improve regional stability and ensure the uninterrupted flow of international trade.

On the nuclear front, Iran would reportedly commit not to develop or acquire nuclear weapons and to maintain current limitations on its nuclear activities while negotiations continue. The draft also suggests that Tehran would refrain from expanding its nuclear infrastructure during the interim period.

The framework further envisions discussions on reducing Iran’s stockpile of highly enriched uranium. Rather than transferring the material abroad, the proposal would allow dilution to take place inside Iran under a mechanism to be negotiated by both sides.

While officials from both countries have expressed cautious optimism about recent diplomatic progress, significant challenges remain before a final agreement can be reached. Observers emphasize that implementation details, verification procedures, and long-term commitments will be critical to determining the success of any future deal.

If ultimately approved, the agreement could represent one of the most important diplomatic developments in the Middle East in recent years, potentially reshaping regional relations, energy markets, and international security dynamics.