Leaked Draft Agreement Suggests Iran Could Suddenly Become Wealthy
The United States and Iran are scheduled to formally sign a memorandum of understanding in Switzerland on Friday (19/6/2026), potentially opening a new chapter in relations between the long-time adversaries. Several points in the agreement leaked to the media reveal the potential for new wealth for Iran.
A draft memorandum containing 14 points, seen by Bloomberg News, outlines an ambitious framework that would halt military operations, reduce economic pressure on Iran, and launch negotiations towards a final settlement within 60 days. The content of the draft is similar to that previously leaked by Iranian media.
Economic provisions are among the most important elements of the memorandum. The draft binds the United States, along with its regional partners, to create a “comprehensive plan agreed upon by both parties for the rehabilitation and economic development of the Islamic Republic of Iran.”
The plan would guarantee funding of “at least 300 billion US dollars (equivalent to approximately Rp 5,300 trillion),” with implementation mechanisms to be finalised during negotiations.
Washington would also commit to ending sanctions imposed against Iran, including those from the UN Security Council, restrictions related to the International Atomic Energy Agency, and unilateral American sanctions.
According to Article Seven, the United States commits to ending “all types of sanctions currently faced by the Islamic Republic of Iran.”
Prior to the completion of a final agreement, the US Department of the Treasury will issue waivers for the export of Iranian crude oil, petrochemical products and related services, including banking, insurance and transportation.
The memorandum further binds Washington to release Iran’s frozen assets.
“The United States pledges, given progress in negotiations towards a final agreement, that frozen or restricted funds and assets of the Islamic Republic of Iran will be released and made fully available.” This provision would unlock tens of billions of dollars currently restricted in foreign financial institutions.
It is worth noting that Iran has been subject to US economic sanctions since the Islamic Revolution in 1979, with additional sanctions applied year after year. The most recent sanctions, imposed in 2025, dealt a severe blow to Iran’s economy.