U.S. and Iran agree 300 billion deal to end Middle East war
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1 month · 10 summary articles
A leaked draft of a U.S.-Iran framework agreement to end the Middle East war, set to be signed in Geneva on Friday, reveals Tehran’s sweeping gains: a $300 billion U.S. financial package, resumption of Iranian oil exports, and a pledge never to pursue nuclear weapons—while key disputes over the Strait of Hormuz and Israeli troop withdrawals from Lebanon remain unresolved. Both Washington and Tehran have distanced themselves from the 14-point memorandum, which was published by Bloomberg and Al Arabiya .
The draft, circulating during the G7 summit, commits the U.S. to unlocking Iran’s frozen assets and facilitating its economic recovery in exchange for Iran’s formal renunciation of nuclear weapons and a pledge to reopen the Strait of Hormuz, the world’s most critical oil chokepoint . Iranian oil tankers have already breached a U.S.-led blockade, according to shipping data, signaling the deal’s immediate economic impact . Global oil prices have tumbled to their lowest levels since March, with analysts at Politico noting a market surge, though they caution that long-term stability remains uncertain .
Yet the agreement faces sharp criticism. European and Israeli leaders describe it as a humiliation for the U.S. and a capitulation to Iran, while regional experts argue the deal postpones the hardest questions—including Iran’s regional influence and the fate of Lebanese territory held by Hezbollah, which is seen as a beneficiary of the accord . The G7 is now discussing ways to reduce global reliance on the Strait of Hormuz, fearing Iran could weaponize its control over the waterway if the peace deal collapses .
The draft’s financial terms—reported as $300 billion in U.S. commitments—have sparked controversy within Donald Trump’s camp, with critics calling the concessions excessive . Meanwhile, Iran’s Revolutionary Guards are widely seen as the deal’s primary beneficiaries, having secured economic incentives without conceding on regional military posture .
As diplomats prepare for Friday’s signing in Geneva, the leaked text underscores the fragility of the accord. The Strait of Hormuz is slated to reopen by June 19, but locals in the region warn that Iran retains the leverage to repeat its blockade if future negotiations falter . For now, markets are celebrating, but the deal’s durability—and the balance of power in the Middle East—remains in question.
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