US-Iran Draft Agreement Revealed, Disputed by Trump Despite Reports of Progress

Published: Jun 13, 2026 14:42
Official Iranian media disclosed the specific contents of a draft 14-point memorandum of understanding between the US and Iran, covering clauses including the US commitment to lifting sanctions, withdrawing troops from around Iran, ending the maritime blockade, opening the Strait of Hormuz, and unfreezing Iran's frozen assets. However, the draft did not involve Iran's missile plan or nuclear-related agreements. Pakistani Prime Minister Sharif Shehbaz stated that the US and Iran had already reached consensus on the text of a peace agreement. Iranian Foreign Minister Amir-Abdollahian Hossein said that the two sides "have never been closer to a memorandum of understanding." However, US President Trump Donald pointed out that the draft US-Iran agreement released by Iranian media was "completely unrelated to the written agreement reached by the two sides" and did not reflect the actual situation.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
China's May Vehicle Sales Down 2.1% YoY, NEV Market Surges 14.4% with Strong Export Growth
1 hour ago
China's May Vehicle Sales Down 2.1% YoY, NEV Market Surges 14.4% with Strong Export Growth
Read More
China's May Vehicle Sales Down 2.1% YoY, NEV Market Surges 14.4% with Strong Export Growth
China's May Vehicle Sales Down 2.1% YoY, NEV Market Surges 14.4% with Strong Export Growth
According to data released by the CAAM, China's total vehicle sales reached 2.629 million units in May, down 2.1% YoY. However, the NEV market performed strongly, with sales reaching 1.496 million units, up 14.4% YoY, and its share of total new vehicle sales rose to 56.9%. In addition, NEV exports achieved notable results, with May exports reaching 446,000 units, more than doubled YoY.
1 hour ago
US PPI Jumps to 6.5% in May, Driven by Energy Prices; Core PPI Rises Less Than Expected
1 hour ago
US PPI Jumps to 6.5% in May, Driven by Energy Prices; Core PPI Rises Less Than Expected
Read More
US PPI Jumps to 6.5% in May, Driven by Energy Prices; Core PPI Rises Less Than Expected
US PPI Jumps to 6.5% in May, Driven by Energy Prices; Core PPI Rises Less Than Expected
Driven by a surge in energy prices, US PPI climbed to 6.5% YoY in May, the highest since November 2022 and exceeding market expectations of 6.4%. However, excluding food and energy, core PPI rose 4.9% YoY, below expectations of 5.4%.
1 hour ago
World Bank Predicts Slower Global Growth in 2026 Due to Iran War and Energy Disruptions
1 hour ago
World Bank Predicts Slower Global Growth in 2026 Due to Iran War and Energy Disruptions
Read More
World Bank Predicts Slower Global Growth in 2026 Due to Iran War and Energy Disruptions
World Bank Predicts Slower Global Growth in 2026 Due to Iran War and Energy Disruptions
The World Bank notes in its latest Global Economic Prospects report that global economic growth is expected to slow down, weighed down by the impact of the Iran war, specifically with the 2026 growth rate projected to decline from 2.9% last year to 2.5%. The report also warns that if energy supply disruptions intensify, accompanied by significant financial stress, global economic growth in 2026 could slide further to 1.3%.
1 hour ago