What's in the US-Iran peace deal? A look at the 14-point framework

The US and Iran have agreed to a draft framework to halt hostilities, reopen the Strait of Hormuz and restart nuclear talks. The interim plan offers sanctions relief and a 60-day negotiating window while bigger disputes remain unresolved.

In Short

• US and Iran agree on draft framework to end West Asia conflict
• Framework aims to reopen Strait of Hormuz and restart nuclear talks
• Economic relief includes frozen asset release and sanctions pause

The US and Iran have agreed to a draft framework aimed at ending the ongoing West Asia conflict, reopening the Strait of Hormuz and restarting negotiations over Tehran's nuclear programme.

The proposed agreement — expected to be signed on June 19 — could ease concerns over oil supplies, reduce the risk of a wider Middle East conflict and remove one of the biggest sources of uncertainty in global markets.

While the full text of the agreement has not been made public, news agency Reuters has reported several key provisions based on information from a senior Iranian official familiar with the draft memorandum.

A more detailed 14-point breakdown has also been published by Iranian media, though not all of its provisions have been independently verified by international news agencies.

INSIDE THE US-IRAN PEACE DEAL

At its core, the framework is designed to halt hostilities and create space for a broader settlement.

The agreement centres on three broad areas: reopening the Strait of Hormuz, providing economic relief to Iran and restarting negotiations over Tehran's nuclear programme. It also establishes a 60-day window for negotiations on the issues that have long divided Washington and Tehran.

Importantly, this is not a final peace treaty. It is an interim framework intended to de-escalate tensions immediately while negotiators work towards a more comprehensive agreement.

REOPENING HORMUZ AND RESTORING OIL FLOWS

One of the most significant elements of the framework concerns the Strait of Hormuz, the narrow waterway connecting the Persian Gulf to the Arabian Sea.

Around a fifth of global oil trade passes through Hormuz, making it one of the world's most important energy chokepoints. Any disruption can quickly drive up oil prices, shipping costs and inflation across major economies.

Under the reported framework, Iran would reopen the strait to commercial shipping while the US would lift restrictions on Iranian ports. The move is expected to restore confidence in energy markets and reduce fears of supply disruptions that emerged during the conflict.

For countries such as India, which depend heavily on imported crude, the reopening of Hormuz could help stabilise oil prices and lower the risk of further energy shocks.

FROZEN ASSETS AND SANCTIONS RELIEF

Economic relief forms another major pillar of the proposed deal.

According to the provisions reported so far, the US would refrain from imposing new sanctions while negotiations continue, provide temporary waivers for Iranian oil exports and release billions in frozen Iranian assets.

Reports on the framework suggest the asset release could total around $25 billion, making it one of the most significant economic concessions in the proposed agreement. The funds would give Tehran access to money that has remained frozen overseas under sanctions.

For Tehran, these measures represent one of the biggest incentives to remain engaged in the process. Years of sanctions have restricted Iran's access to international financial systems and reduced its ability to fully benefit from energy exports.

The release of frozen assets would provide immediate liquidity to the Iranian government while broader negotiations continue.

Iranian media reports have also referred to a potential $300 billion reconstruction and economic development package, alongside wider sanctions relief and investment commitments. While those claims have not been officially detailed by either government, they have become one of the most closely watched aspects of the reported framework.

NUCLEAR TALKS RESTART

The nuclear issue remains the most sensitive part of the US-Iran relationship and is likely to determine whether the framework evolves into a lasting agreement.

Iran has long insisted that its nuclear programme is intended for civilian purposes. The US and its allies, however, have argued that high levels of uranium enrichment could significantly shorten the time needed to develop a nuclear weapon.

Under the reported framework, Iran would commit not to pursue nuclear weapons, halt further uranium enrichment and stop expanding nuclear facilities during the negotiating period.

In return, both sides would enter a 60-day process aimed at negotiating a broader agreement covering inspections, sanctions relief, enrichment limits and the future of Iran's uranium stockpile.

WHAT'S IN THE REPORTED 14-POINT FRAMEWORK?

This is where things become less clear.

Neither the US nor Iran has publicly released the full text of the draft memorandum. News agency Reuters has independently reported several key provisions, but it has not published a complete 14-point list.

The more detailed breakdowns have come primarily from Iranian media outlets, which describe the agreement as a 14-point framework covering military, economic and nuclear issues.

Based on those reports, the framework is said to include:

• An immediate halt to hostilities
• Reopening of the Strait of Hormuz to commercial traffic
• Lifting of US restrictions on Iranian ports
• No new US sanctions during negotiations
• Temporary waivers for Iranian oil exports
• Release of frozen Iranian assets
• A 60-day negotiating period
• An Iranian commitment not to pursue nuclear weapons
• A halt to further uranium enrichment.
• A freeze on the expansion of nuclear facilities
• Negotiations on Iran's enriched uranium stockpile
• Regional de-escalation measures
• Economic and reconstruction-related discussions
• Negotiation of a final comprehensive agreement

Some versions of the reported framework go considerably further. As mentioned earlier, the agreement could include a $300 billion reconstruction and economic development package, phased sanctions relief, long-term investment mechanisms, expanded economic cooperation and broader regional security arrangements designed to prevent future escalation.

Those reports also suggest the framework extends beyond a ceasefire and nuclear negotiations, seeking to create the foundations for Iran's economic reintegration into regional and global markets.

However, the full text of the memorandum remains unavailable publicly, and not all reported provisions have been independently verified.

WHY THE 14-POINT FRAMEWORK MATTERS

The significance of the framework lies not only in what it contains but also in what it seeks to prevent.

The conflict raised fears of a wider regional war, disruptions to global energy supplies and a prolonged period of uncertainty for financial markets.

The framework attempts to address all three risks simultaneously by restoring shipping, offering economic incentives and creating a diplomatic pathway for resolving the nuclear dispute.

Supporters of the framework argue that such incentives could make a future breakdown in relations less likely by creating deeper economic ties between Iran and the outside world.

Even if a final settlement remains some distance away, the framework marks the first structured attempt by both sides to move from confrontation to negotiation.

WHAT HAPPENS NEXT?

The proposed agreement may help end the immediate crisis, but the hardest negotiations still lie ahead.

Long-term sanctions relief, inspection mechanisms, enrichment limits and the future of Iran's nuclear programme remain unresolved. Those issues are expected to be negotiated during the proposed 60-day period.

For now, the success of the framework will be judged on three things: whether hostilities actually cease, whether commercial traffic returns to the Strait of Hormuz and whether the next round of nuclear negotiations produces a more durable agreement.

If those conditions are met, the reported 14-point framework could become the foundation of the most significant US-Iran diplomatic breakthrough in years.

- Ends