US Provides Temporary Iran Sanctions Relief With The Potential For More To Come

On June 17, 2026, the US and Iran signed a Memorandum of Understanding (the “Iran MOU”) containing the terms of their ceasefire and putting at least a temporary end to a four-month conflict. The Iran MOU includes the potential for expansive sanctions relief for Iran after decades of comprehensive US sanctions targeting the country.

The Iran MOU contains the framework for a potential final agreement as part of a broader peace plan, with terms addressing Iran’s nuclear program, $300 billion for the reconstruction and economic development of Iran, and the termination of “all types of sanctions against the Islamic Republic of Iran, including the United Nations Security Council resolutions, IAEA Board of Governors resolutions and all unilateral U.S. sanctions, primary and secondary, in an agreed upon schedule.”