Overview
- President Donald Trump announced on Thursday that he had canceled U.S. attacks on Iran and said the final points of a multilateral agreement had been approved by all parties, with a signing possibly to follow in Europe.
- Iranian officials and state media immediately said no final deal had been confirmed and published a divergent 14‑point draft that Tehran says reflects its conditions for any pact.
- The White House rejected the leaked Iranian draft as inconsistent with the written terms it says were agreed and said the U.S. position requires Iran to dismantle nuclear capabilities, destroy material, reopen the Strait of Hormuz, and only receive frozen funds after compliance.
- Negotiations remain active through regional mediators, with U.S. officials discussing a near‑term signature in Geneva and Vice President J.D. Vance as a possible U.S. signatory, but key issues such as enrichment rights, sanctions relief timing, and sequencing of verification are unresolved.
- The diplomatic moves follow recent U.S. strikes, Iranian missile and drone responses, a U.S. naval blockade and the death of three Indian seafarers, and markets have reacted to the uncertainty while analysts note repeated prior 'imminent' announcements that fuel skepticism about any quick closure.