The agreement stipulates that if Iran complies with its provisions, it stands to gain significant benefits, including investment support for rebuilding the country.
Speaking at the G7 summit in France, President Donald Trump said the agreement could be signed soon. It is expected to be formally signed in Switzerland on June 19, 2026.
Among its provisions is an immediate ceasefire in Iran and in other areas affected by the conflict, including Lebanon, where Israel has continued military operations against Hezbollah.
The agreement also calls for mutual respect between the two countries, including respect for each other’s sovereignty and non-interference in domestic affairs.
Washington and Tehran further agreed to a 60-day negotiation period to discuss issues acceptable to both sides. The period may be extended if both parties agree and will begin once the preliminary agreement is signed on June 19, 2026.
The two sides also agreed that the United States would halt efforts to intercept oil shipments to and from Iranian ports, while Tehran would reopen the Strait of Hormuz, whose disruption has raised concerns about the global economy since around 20% of the world’s oil supply passes through the waterway.
The United States and its partners are also expected to facilitate private-sector investments worth $300 billion to help rebuild Iran and revive key sectors of its economy.
Washington further agreed to lift its own economic sanctions on Iran, as well as support the removal of sanctions imposed by the United Nations Security Council.
In return, Iran committed to abandoning nuclear weapons ambitions, and both sides agreed to hold talks on Tehran’s uranium enrichment activities.
Other provisions include the release of Iranian assets frozen in various countries because of sanctions, although discussions are still ongoing regarding the mechanisms for implementing the agreement and other related measures.
