U.S. Moves to Finalize Iran Peace Draft Ahead of Friday Signing in Switzerland
The Trump administration is coordinating with G7 allies on a draft memorandum as both nations prepare for a Friday signing and a 60-day nuclear negotiation window.
The United States has entered the final stages of diplomatic coordination for a peace memorandum with Iran, circulating the draft text to G7 allies during the ongoing summit in France. President Trump has expressed optimism that the conflict will soon be in the "rearview mirror," as negotiators prepare for a formal signing ceremony this Friday in Switzerland. To ensure the integrity of the process, the administration has reportedly withheld the draft from Israeli officials to prevent unauthorized leaks before the text is finalized.
The proposed framework outlines a significant de-escalation of economic and military pressure. Upon signing, the U.S. Treasury is expected to issue waivers allowing the resumption of Iranian crude oil and petrochemical exports. Furthermore, the draft stipulates that maritime traffic in the Strait of Hormuz should return to pre-war levels within 30 days as the U.S. lifts its naval blockade. To secure long-term compliance, the deal includes a $300 billion private investment fund, which a U.S. official signaled is contingent on Iran meeting strict commitments, including the neutralization of enriched material and a permanent ban on obtaining nuclear weapons.
Despite the momentum, several critical issues remain unresolved. The current draft postpones decisions regarding Iran’s existing enriched-uranium stockpile to a 60-day follow-on negotiation period. Additionally, the mandate to end fighting on "all fronts" faces significant hurdles in Lebanon, where continued Israeli operations against Hezbollah threaten to act as a spoiler. While oil prices have dropped in response to the news, the full text of the agreement remains unpublished, leaving the exact sequencing of sanctions relief and nuclear inspections to be clarified during the implementation phase.
Key Points
- The U.S. has begun circulating a draft memorandum to G7 allies ahead of a scheduled signing ceremony on Friday in Switzerland.
- U.S. Treasury waivers for Iranian crude oil and petrochemicals are expected immediately following the signing, signaling significant economic relief.
- The draft reportedly includes a $300 billion private investment fund to incentivize Iranian compliance, with over half the capital already committed.
- Unresolved nuclear issues, including Iran's enriched-uranium stockpile, have been deferred to a 60-day follow-on negotiation window.
- Israel was reportedly denied access to the draft text, suggesting a White House effort to prevent leaks and maintain tight control over the final document.
- Regional stability remains at risk as the draft's call for an end to hostilities on 'all fronts' includes Lebanon, where Israeli operations against Hezbollah continue.