The United States and Iran have hammered out a draft agreement that would hand Tehran some of its most significant financial concessions in years. The deal includes immediate oil sales rights and access to a $300 billion development and reconstruction fund, according to a draft memorandum of understanding seen by Bloomberg.

What the draft deal includes

The MOU would grant Iran permission to sell oil and fuel immediately upon signing. Further sanctions relief would then be conditional on Iranian compliance during a 60-day negotiation window after the formal agreement is inked.

The formal signing is targeted for June 19, 2026, in Switzerland. That date serves as the starting gun for the compliance clock.

The $300 billion development fund is the headline number. More than half of the fund has reportedly already been committed by Gulf states, and it does not involve US taxpayer dollars.

Beyond the fund, the draft envisions eventual access to previously frozen Iranian assets. Lifting of naval blockades is also on the table, though that piece is tied to Iranian compliance on two fronts: nuclear commitments and operations in the Strait of Hormuz, through which roughly 20% of the world’s oil passes daily.

The deal attempts to address the wreckage left by the US withdrawal from the Joint Comprehensive Plan of Action in 2018, which triggered a cascade of reimposed sanctions that effectively locked Iran out of legitimate global oil markets.

The crypto angle no one’s ignoring

Iran has historically leveraged digital assets as a tool for sanctions evasion, particularly in oil-related transactions where traditional banking channels were blocked. US sanctions targeting Iranian crypto-linked entities involved in evasion schemes have been ongoing, with enforcement actions occurring as recently as early June 2026. The Treasury Department has consistently flagged digital asset networks as vectors for circumventing Iranian oil sanctions.

The draft MOU doesn’t mention any specific tokens or blockchain platforms. If sanctions are lifted and Iran can sell oil through conventional channels, the demand for crypto as a sanctions-evasion tool drops. On the flip side, a $300 billion reconstruction fund flowing into a country with existing crypto infrastructure and established mining operations creates a different kind of opportunity.

The June 19 signing date and the subsequent 60-day compliance window create a defined calendar of events. Any breakdown in negotiations, or alternatively, faster-than-expected compliance, could move both energy and digital asset markets.