CNN has published a 14-point draft memorandum of understanding between Iran and the United States, describing it as a potential historic agreement amid ongoing Middle East tensions. The draft includes provisions for a ceasefire, normalization of shipping in the Persian Gulf and Strait of Hormuz, easing of sanctions on Iran, and commitments regarding Tehran’s nuclear program. According to CNN, the document was obtained from a U.S. official and verified by diplomatic sources at the G7 summit in France, though a White House spokesperson said the leaked text does not reflect the final deal.

The report states that U.S. President Donald Trump, Vice President JD Vance, and Iranian Parliament Speaker Mohammad Bagher Ghalibaf digitally signed the draft on Sunday, with a formal signing planned in Switzerland on Friday. The agreement outlines a 60-day period to finalize the deal. It allows Iran to export oil and petrochemical products and access a $300 billion development fund if nuclear commitments are met, though the draft provides no clear explanation about Iran’s highly enriched uranium.

The 14 clauses cover ceasefire terms, mutual respect for sovereignty, lifting of sanctions, maritime security, and UN Security Council endorsement of the final agreement.