U.S.-Iran preliminary deal: Tehran to get oil rights, $300 billion fund

A preliminary agreement between the United States and Iran could provide Tehran with significant financial incentives, including the resumption of oil exports and access to a development fund of at least $300 billion, according to a near-final draft obtained by Bloomberg. This document offers the first detailed look at the scope of the proposed economic support.

The draft agreement reportedly allows Iran to immediately resume oil exports and gain access to frozen assets abroad. It also stipulates the lifting of certain maritime restrictions, aiming to restore traffic through the Strait of Hormuz to pre-conflict levels within 30 days of the agreement's signing. The preliminary deal is anticipated to be signed on June 19, 2026, in Switzerland, initiating a 60-day period for final negotiations to resolve the conflict and establish strict limits on Iran's nuclear program.

Economic benefits for Iran are explicitly tied to its adherence to commitments, such as permanently renouncing the development of nuclear weapons and curtailing uranium enrichment activities. The U.S. would issue immediate waivers for sanctions on Iranian oil and petrochemical exports. A complete lifting of sanctions and military withdrawal from the region would be part of a subsequent, final agreement.

The draft also outlines an international plan for Iran's economic reconstruction, to be financed with at least $300 billion, though a clear timeline for the release of these frozen funds is not specified. This initiative emerges amid efforts by the Trump administration to de-escalate regional conflicts, though divergent political stances persist within the U.S. Congress and among regional allies like Israel. The draft does not directly address Iran's enriched uranium stockpiles, stating only that their fate "will be appropriately addressed in a final agreement."