Skip to content
You can now search across every topic, entity and event.What's new
Iran Conflict 2026
16JUN

State media leaks a deal nobody confirms

3 min read
10:20UTC

Mehr News, an Iranian state-affiliated outlet, published a 14-point version of the memorandum on 14 June listing $24 billion in frozen assets freed and $300 billion in reconstruction. No US or Iranian official confirmed it; Al Jazeera and Iran International could not verify it.

ConflictDeveloping
Key takeaway

The only published version of the deal is an unconfirmed leak from Iran's own state media.

Mehr News Agency, an Iranian state-affiliated outlet aligned with the IRGC, published a 14-point version of the memorandum on 14 June. 1 The list describes a permanent ceasefire on all fronts including Lebanon, $24 billion in frozen Iranian assets freed during the 60-day window, suspended oil sanctions, a naval blockade lifted within 30 days, and $300 billion in reconstruction, while leaving Iran's missiles and proxies out of the draft entirely. No US or Iranian official has confirmed a word of it.

The $24bn figure is not new to the negotiation. Iran's negotiator Rezaei had demanded exactly that sum in freed assets as a precondition for any deal , so the leaked draft reads less as disclosure than as Tehran restating its opening price through friendly media. To scale the numbers, $24bn is roughly half of Iran's pre-war annual oil revenue, and $300bn approaches three-quarters of its entire annual economic output.

Al Jazeera and Iran International both said they could not independently verify the Mehr list. 2 The real text stays sealed until Geneva, which leaves a maximalist state-media draft as the only published account of what the deal contains. Set that draft beside the empty US record and the distance is the point: a 14-point wish list circulating in Tehran, against a Washington that has filed nothing.

Deep Analysis

In plain English

Mehr News Agency is an Iranian news outlet closely linked to the state and to the Islamic Revolutionary Guard Corps. On 14 June, before the MOU was digitally signed, Mehr published what it claimed was the full 14-point list of what Iran had agreed to: $24 billion in frozen bank accounts freed, oil sanctions suspended, a naval blockade lifted within 30 days, and $300 billion for reconstruction. No US or Iranian official confirmed these terms. Two other news outlets, Al Jazeera and Iran International, said they could not independently verify the list. The signed MOU has not been publicly released. That gap, between what Mehr published and what the official signed document says, is the story: the deal's real terms will only become clear at the Geneva ceremony on 19 June or when a text is officially released.

First Reported In

Update #129 · Iran deal signed, but no paper to show

Iran International· 16 Jun 2026
Read original
Different Perspectives
G7 Leaders (ex-US)
G7 Leaders (ex-US)
Kananaskis ended without a joint communique for the first time in the body's history; Macron credited G7 pressure with speeding the ceasefire while Trump publicly denied the summit played any role. The split between US and European G7 partners over what the memorandum means for sanctions relief was the direct cause of the text failure.
Protection-and-Indemnity insurers
Protection-and-Indemnity insurers
London-based P&I mutual clubs declined to underwrite Hormuz crossings while the IRGC Strait Authority remained operational, making the passage commercially impassable regardless of the memorandum's terms. Shipping operators said they would wait weeks for on-water conditions to change before routing tankers through.
IRGC Persian Gulf Strait Authority
IRGC Persian Gulf Strait Authority
P&I mutual insurers declined to underwrite Hormuz crossings on 15-16 June while the IRGC's Strait Authority remained in operation, reducing actual transits to two vessels against a pre-war daily rate of 94. The corps' revenue-generating toll mechanism, created 5 May and collecting $1.5-2 million per VLCC in crypto, has not been stood down and cannot be dissolved by Ghalibaf's signature.
Israeli Cabinet
Israeli Cabinet
Netanyahu admitted he had not seen the memorandum's text but confirmed IDF forces would stay in southern Lebanon; Finance Minister Smotrich called for ten Beirut buildings destroyed per Hezbollah drone and National Security Minister Ben-Gvir said the agreement 'does not bind us in any way'. Israel signed nothing in Islamabad and is the central unresolved variable in the Lebanon clause.
Iranian Majlis hardliners
Iranian Majlis hardliners
Around 60 MPs signed a letter demanding Ghalibaf explain the memorandum; Paydari faction MP Sabeti said the deal violates the Supreme Leader's red lines, and MP Aboutorabi argued the document carries binding obligations 'that cannot be resolved by simply changing the name'. President Pezeshkian defended the negotiators against accusations of betrayal, confirming the fracture inside Iran's political class.
US Vice President JD Vance
US Vice President JD Vance
Vance signed on 15 June and said the memorandum was 'not conditioned on Israel withdrawing from Lebanon' while also saying it 'envisioned a ceasefire that covers both Iran and Lebanon'. The two formulations are incompatible and hand Iran's foreign minister a ready-made violation claim before Geneva.