Overview
- President Donald Trump said on Thursday that a 'great deal' has been reached and that he expects the agreement to be signed in days with a signing location likely in Europe.
- Iranian state media published a draft memorandum on June 12 that lists commitments including a ban on nuclear weapons development, reopening the Strait of Hormuz within 30 days, and a 60-day window for final nuclear talks.
- U.S. officials rejected parts of the leaked draft and said the actual plan would require dismantling Iran's nuclear program, removal or destruction of enriched material, and step-by-step verification before any financial relief is granted.
- Fighting has continued during talks with recent U.S. strikes in Iran and Iranian hits on U.S. bases, leaving the ceasefire from April fragile and underscoring that diplomacy has not yet halted hostilities.
- Pakistan and other mediators say the text is close to final but core disputes remain over verification, the sequencing of sanctions relief and asset unfreezing, and whether regional partners such as Israel will accept the deal.