Signing ceremony for US-Iran deal reportedly expected in Geneva

Three sources told CNN on Friday that a signing ceremony for a U.S.-Iran memorandum of understanding (MoU) would most likely take place in Geneva, Switzerland.

Iran's semi-official Mehr News Agency published what it described as "14 key points in the draft accord," a list that heavily reflects Iranian demands, including $24 billion in frozen asset releases, a $300 billion U.S. reconstruction commitment, and the explicit removal of Iran's missile program and support for resistance groups from any agenda.

The Geneva venue selection is close to next week's G7 summit in Evian, France, where Trump and allied leaders are expected.

US President Donald Trump speaks to the press before boarding Air Force One prior to departure from John F. Kennedy International Airport, in New York, June 9, 2026. (AFP Photo)

Geneva confirmed as likely venue

Two sources with knowledge of the diplomatic talks told CNN the signing ceremony would be held in Geneva. One source described a signing as marking the start of "phase two" of diplomatic talks as officials work through the implementation of the memorandum.

An Iranian source suggested Vienna was also being considered.

Bloomberg reported that a senior Iranian official indicated overnight that a deal was likely, according to a G7 official. A second G7 official said the agreement would take the form of a memorandum of understanding rather than a final deal, and cautioned that Iran had yet to confirm readiness for a signing ceremony.

Trump said in the Oval Office on Thursday: "We just made a great settlement of the war with Iran, and we're going to be subject to finalization of documents, which should get done over the next few days. We'll probably have a signing, maybe in Europe."

He said Vance would represent the U.S., alongside special envoy Steve Witkoff and adviser Jared Kushner.

Asked if Khamenei had approved, Trump said: "I understand the answer is yes."

Iran's Foreign Ministry spokesman said the reports were "merely speculation" and that the country had "not yet reached a conclusion on this matter."

A police officer walks past logos of the G7 summit in Evian, central-eastern France on June 10, 2026. (AFP Photo)

14-point draft published by Iranian media

Mehr News Agency, citing a source close to the Iranian negotiating team, published what it described as the draft's 14 points:

1. Permanent and immediate cessation of hostilities on all fronts, including Lebanon.
2. U.S. commitment not to interfere in Iran's internal affairs and to respect its sovereignty.
3. Complete lifting of the maritime blockade within 30 days.
4. U.S. commitment to withdraw its forces from around Iran.
5. Reopening of the Strait of Hormuz within 30 days under Iranian arrangements.
6. Suspension of sanctions on Iranian oil, petrochemical products and derivatives, and full Iranian access to its financial resources.
7. The U.S. and allies to present reconstruction plans for Iran totaling at least $300 billion.
8. Sixty days of negotiations to reach a final agreement on nuclear issues and the complete lifting of U.S. primary and secondary sanctions, UN Security Council resolutions and IAEA Board of Governors resolutions.
9. Reiteration of Iran's commitment under the NPT not to produce nuclear weapons.
10. During negotiations, the U.S. will not increase its forces in the region or impose new sanctions.
11. Release of $24 billion in blocked Iranian funds during the 60-day final negotiation period, with half made available to Iran before negotiations begin.
12. Establishment of an oversight mechanism for implementing the agreement.
13. Final agreement to be affirmed by a UN Security Council resolution.
14. Final negotiations will not commence before the release of half of Iran's frozen funds, the suspension of oil sanctions and the lifting of the naval blockade. Discussions on Iran's missile program and support for resistance groups have been "definitively removed from the agenda."

The list has not been confirmed publicly by either Tehran or Washington.

A diplomat briefed on the matter told CNN that the two sides had agreed on the text but that it had yet to receive final signoff, and that the agreement "satisfies all U.S. requirements on the nuclear issue," including Iran's pledge not to acquire a nuclear weapon.

June 12, 2026 02:17 PM GMT+03:00