Leaked Bloomberg Draft Confirms Critics’ Fears Over US-Iran Deal

A leaked draft of the proposed U.S.-Iran memorandum of understanding published by Bloomberg has intensified criticism of the agreement ahead of its expected signing Friday in Switzerland. The reported 14-point document provides the clearest look yet at the framework being negotiated by Washington and Iran, prompting concern among Israeli officials, American lawmakers, Iranian opposition figures, and media commentators.

For days, critics warned that the emerging agreement appeared to offer Iran significant economic relief while postponing decisions on the most contentious nuclear issues. The publication of the draft has shifted the debate from speculation to the text itself, allowing supporters and opponents alike to point to specific provisions in the proposed deal.

According to the draft published by Bloomberg, the United States and Iran would declare an immediate end to the war on all fronts, including Lebanon, and commit not to take hostile action against one another. The memorandum also outlines a 60-day negotiating period aimed at reaching a final agreement.

The document includes a series of economic measures benefiting Iran. Among them are Treasury waivers allowing exports of Iranian crude oil, petrochemical products and related services, including banking, insurance and transportation. The draft also calls for the release of frozen Iranian assets and outlines plans for a broader economic rehabilitation program backed by at least $300 billion in financing.

Critics have focused on the contrast between the detailed economic provisions and the language addressing Iran’s nuclear program. The draft states that Iran reiterates it will never produce nuclear weapons, but says the fate of enriched uranium and other nuclear-related issues will be addressed in a future final agreement.

Israeli concerns have centered on issues Prime Minister Benjamin Netanyahu identified only days earlier. Those goals included removing Iran’s enriched uranium stockpile, dismantling enrichment infrastructure, limiting missile production, and ending support for terrorist proxies. The report said those objectives are not currently guaranteed in the memorandum.

American officials have also raised concerns about the text. Officials speaking to CNN described the memorandum as “incredibly vague,” while arguing that the wording was intentionally broad to facilitate negotiations on a final agreement. One official said the language allows Iran to present the agreement in a way that suits its domestic political needs, while another argued that readers should not place too much emphasis on the memorandum itself because more important understandings exist between the parties.

Israeli criticism has extended beyond the document itself. On Channel 14, anchor Tal Meir criticized Trump advisers Jared Kushner and Steve Witkoff, accusing them of abandoning Israel at a critical moment. “We are here, among other things, to defend you too,” Meir said. “In the end, this is your real home, and we are guarding it for you and for your future generations.”

Republican lawmakers have also demanded additional details. Senate Majority Leader John Thune said he did not yet know enough about the agreement, while Senator Thom Tillis questioned how lawmakers could properly evaluate a deal that had not been publicly released in full.

Exiled opposition figure Reza Pahlavi condemned the agreement as “morally wrong and strategically misguided.” Pahlavi argued that any arrangement preserving the current regime would ultimately fail, saying, “Any agreement that preserves this regime or its remnants will fail. The Iranian people will not support it.”

Supporters of the agreement have pushed back on the criticism. Vice President JD Vance, who has been at the forefront of defending it, has described the memorandum as a general framework and argued that unresolved issues will be addressed during the next phase of negotiations. President Trump has also defended the agreement, saying it clearly prevents Iran from obtaining a nuclear weapon.

The memorandum is expected to be signed Friday in Switzerland. Until then, debate is likely to focus on whether the published draft reflects the full scope of the understandings between Washington and Iran, or whether the most important commitments remain outside the text that has now become public.