Overview
- Sources involved in Pakistan‑led mediation said Wednesday that Washington and Tehran are close to a one‑page memo to end fighting and launch 30 days of talks on reopening the Strait of Hormuz, easing sanctions and setting nuclear limits.
- Iran’s Foreign Ministry says it is still assessing the U.S. proposal via Pakistan, while semi‑official media and lawmakers in Tehran reject claims that a near‑final agreement exists.
- President Trump said talks over the past day were “very good” and paused the short‑lived ship‑escort effort known as Project Freedom, then warned that “the bombing starts” if Iran refuses the terms.
- U.S. Central Command said a U.S. jet disabled an Iranian‑flagged tanker’s rudder on Wednesday for trying to breach the blockade, and oil prices fell toward $100 as hopes for a deal grew with hundreds of ships still stuck in the Gulf.
- Reported terms under review include a temporary halt to uranium enrichment, removal or shipment of highly enriched uranium, partial sanctions relief and steps to reopen shipping, with missile limits and proxy activity likely pushed to later talks.