House of Commons Library: Iran–United States Negotiations 2025–2026

UK House of Commons Library | July 3, 2026

Summary

The UK Parliament briefing confirms that Iran's Supreme Leader Mojtaba Khamenei has a "different view" from President Pezeshkian on the June 17 MoU. The briefing outlines the full 14-point MOU structure, including the $300 billion reconstruction fund, IAEA down-blending mechanism, and 60-day toll-free window.

Key MOU Terms (14 Points)

  1. Immediate cessation of military operations
  2. Restoration of commercial navigation through Strait of Hormuz
  3. 60-day extendable negotiation window (from June 17)
  4. Immediate sanctions relief for Iranian oil exports (General License X)
  5. Framework for termination of US sanctions
  6. $300 billion reconstruction and economic development fund — financed by "regional partners," to be detailed within 60 days
  7. Release of restricted Iranian assets
  8. IAEA down-blending mechanism for highly enriched uranium
  9. UN Security Council endorsement required for final deal (like JCPOA)
  10. Sovereignty language: Iran's territorial waters and strait administration preserved
  11. US naval blockade immediately lifted
  12. 11,000+ seafarers IMO-coordinated evacuation
  13. Mine-clearing: Iran's responsibility per MOU text (disputed with France/Oman)
  14. 60-day toll-free passage; thereafter Iran-Oman joint management/tolling

Critical Divisions

Khamenei vs. Pezeshkian

  • Supreme Leader Mojtaba Khamenei has stated he has a "different view" from elected President Pezeshkian on the MOU
  • This creates uncertainty about whether Khamenei will endorse a final deal

Nuclear Issue

  • Nuclear programme not addressed in Doha talks (July 1-2)
  • IAEA inspections "going to happen" but timing unspecified
  • Enriched uranium to be downblended — but no mechanism yet defined

Source

  • UK House of Commons Library via Wikipedia (https://en.wikipedia.org/wiki/2025%E2%80%932026_Iran%E2%80%93United_States_negotiations)