Overview
- Multiple outlets reported on Friday that U.S. and Iranian negotiators have agreed in principle on a memorandum to extend the current ceasefire for roughly 60 days and to reopen the Strait of Hormuz to commercial shipping.
- President Trump has told aides he wants several days to review the draft and has not signed the memorandum, while U.S. officials say precise wording and politically sensitive language remain under discussion.
- The fate of about 440 kilograms of Iran’s 60%‑enriched uranium is the central technical sticking point, with options under consideration including dilution, transfer to third‑party storage, or supervised destruction.
- IAEA Director Rafael Grossi said Kazakhstan has offered to host Iran’s highly enriched stockpile if both sides agree, but Iran has publicly signaled resistance to surrendering the material and implementation would require detailed IAEA oversight.
- Military moves complicate diplomacy: Iran’s Revolutionary Guard reported firing warning shots at ships near the Strait of Hormuz, and Israeli operations in southern Lebanon are being cited by analysts as a leverage factor that could upend the fragile understanding.