U.S.-Iran Draft Deal Terms Emerge Ahead of Scheduled Friday Signing

New details have emerged regarding a draft framework agreement between the United States and Iran, which is expected to be formally signed this Friday in Geneva. The memorandum, currently being circulated among G7 partners, outlines an immediate easing of trade restrictions, specifically instructing the U.S. Treasury to issue waivers for Iranian crude oil and petrochemical products. In exchange, Iran must commit to neutralizing its enriched nuclear material and ensuring it never obtains a nuclear weapon, subject to a 60-day negotiating window for a final settlement. The agreement also introduces a significant financial component: a $300 billion Reconstruction and Development Fund. Reportedly fueled by private-sector investment—with more than half of the funds already committed—this package marks a shift from traditional sanctions-based diplomacy toward an economic stabilization model. President Trump has characterized the move as an effort to put the conflict in the 'rearview mirror,' emphasizing that the benefits are contingent upon Iran's continued compliance with the benchmarks. On the military front, the draft proposes a rapid de-escalation of the U.S. naval presence. If signed, the U.S. would lift its naval blockade and seek to restore normal maritime traffic in the Strait of Hormuz within 30 days. American forces would also begin withdrawing from the immediate region within that same timeframe. Despite the momentum, the deal faces ongoing pushback from Israeli officials, who are currently seeking greater access to the specific terms of the memorandum.