Overview
- President Donald Trump said Saturday that a memorandum of understanding with Iran and regional mediators has been “largely negotiated” and that final details will be announced soon.
- Drafted terms would phasedly restore vessel transit through the Strait of Hormuz over about 30 days while the U.S. would lift its naval blockade and grant limited sanctions waivers to allow some oil sales.
- The pact would open a roughly 60‑day window for detailed talks on Iran’s nuclear program and sanctions relief with partial release of frozen funds proposed during an initial phase.
- The single biggest unresolved issue is Iran’s stockpile of highly enriched uranium, with U.S. officials saying Tehran agreed to surrender or transfer material and Iranian state‑linked outlets denying any such acceptance.
- Regional mediators led by Pakistan and Gulf states pushed negotiations forward but the deal remains fragile because Israel is wary, Iranian outlets dispute key points, markets have already moved on reports, and both sides keep military options on the table.