A draft memorandum of understanding between the US and Iran has surfaced, outlining a 14-point framework that includes a $300 billion reconstruction fund for Iran. The document was reportedly signed electronically around mid-June 2026.
The proposal calls for an immediate ceasefire extension, the reopening of the Strait of Hormuz within 30 days, and the release of $24 billion in frozen Iranian assets. A 60-day window would be carved out for deeper negotiations on Iran’s nuclear file and sanctions.
The $300 billion fund would be sourced primarily through Gulf state investments, with the US acting as a facilitator. Vice President JD Vance has emphasized the money comes with strict compliance conditions, while President Trump has dismissed reports of the sum as “fake news.”
The agreement explicitly covers a permanent ceasefire but reportedly sidesteps Iran’s missile program and support for regional proxies.
Israeli officials have firmly dismissed the deal, stating it does not obligate them to withdraw from any occupied territories.
For markets, the reopening of the Strait of Hormuz could sustain downward pressure on oil prices. The reconstruction plan signals a massive capital deployment opportunity for Gulf sovereign wealth funds targeting Iranian infrastructure, energy, and telecommunications, though Western investors remain constrained by existing sanctions.