A leaked draft of the US-Iran framework agreement, discussed on the sidelines of the G7 summit, outlines a sweeping arrangement to end the ongoing war in exchange for major financial and political concessions, according to documents circulated among diplomats.
The 14-point draft suggests that Iran would formally abandon any pursuit of nuclear weapons and immediately begin steps to reopen the Strait of Hormuz, a critical global shipping route. In return, the United States would agree to lift sanctions and support a reconstruction and economic development package reportedly worth at least $300 billion (€258.5bn), alongside broader financial relief measures.
The authenticity of the document has not been independently confirmed by either Washington or Tehran. It also remains unclear whether the version discussed among G7 leaders will match the final text expected to be signed later this week in Switzerland.
US President Donald Trump reacted sharply to reports of the leak, telling reporters that the agreement remains “very strong” while warning that military action could resume if Iran fails to comply. US officials have also described the draft as a working framework rather than a final treaty.
According to the text, both sides would commit to an immediate end to hostilities across all fronts, including Lebanon, and agree to refrain from the use or threat of force. The inclusion of regional allies in the language has raised questions about whether Israel and European partners are indirectly covered under the framework, particularly given their involvement in the wider conflict.
A key element of the agreement focuses on maritime security. The US would lift its naval blockade of Iranian ports immediately upon signing, while Iran would restore commercial shipping through the Strait of Hormuz within 30 days. Full operational capacity would depend on technical adjustments, including demining operations and logistical coordination.
The draft also outlines the creation of a maritime security arrangement to ensure safe passage, with European countries considering a supporting naval mission. However, shipping industry officials warn that full resumption of traffic would require extensive planning, including insurance and route restructuring.
On the financial side, the agreement promises sanctions relief, unfreezing of assets, and potential US Treasury waivers for Iranian oil exports. However, the document does not specify how the reconstruction fund would be financed. Trump has stated that US taxpayers would not contribute, while suggesting that Gulf states or private investors may be involved.
In exchange, Iran reaffirms that it will never develop nuclear weapons, a commitment Tehran says it has previously made under earlier international agreements.
The deal also includes provisions for mutual respect of sovereignty and an apparent commitment by Washington to end regime change efforts in Iran, marking a notable shift in US policy language.
Despite diplomatic momentum, the agreement remains politically sensitive, with critics warning that key issues such as nuclear verification and regional militias remain unresolved. The final version is expected to be unveiled following a signing ceremony in Switzerland later this week.
