Overview
- President Donald Trump said he canceled planned strikes on Thursday and announced final points had been approved by negotiators, while U.S. officials say a signing could occur within days in Europe.
- Iranian state outlets published a leaked 14‑point draft that calls for an immediate ceasefire, reopening the Strait of Hormuz and near‑term access to roughly $24 billion in frozen funds, but Tehran says nothing is finalized.
- U.S. officials and an anonymous senior administration source provided a different account saying the pact would be performance based, require removal or destruction of enriched uranium and condition any fund releases on verifiable Iranian actions.
- Key approvals remain unsettled inside Iran, where conservative outlets report the new supreme leader has not blessed the text, and mediators from Qatar and Pakistan are still shuttling drafts between capitals.
- The deal would briefly ease regional tensions and restore shipping through a strategic chokepoint, but markets and militaries face a fragile pause because major terms on nuclear material, sanctions relief and verification still sharply diverge.