The United States and Iran are nearing a provisional agreement that outlines a 60-day ceasefire, reopening of the Strait of Hormuz, and partial sanctions relief, according to a U.S. official familiar with the negotiations. The deal, which remains unsigned, aims to de-escalate tensions while paving the way for broader negotiations on Iran's nuclear program.
Key Components of the Deal
The draft memorandum of understanding (MOU) would require Iran to remove mines from the Strait of Hormuz, allowing unrestricted shipping traffic. In exchange, the U.S. would lift its blockade on Iranian ports and issue sanctions waivers to permit the free sale of Iranian oil. This move is expected to provide relief to the global oil market, though it would also bolster Iran's economy.
The official said Trump's key principle in the agreement is 'relief for performance.'
Nuclear Concessions and Ongoing Negotiations
Iran has reportedly provided verbal commitments to suspend its uranium enrichment program and reduce its stockpile of highly enriched uranium. However, these concessions would only be formalized in a final agreement, contingent on verifiable implementation by Iran. U.S. forces stationed in the region would remain during the 60-day period, with withdrawal possible only if a comprehensive deal is reached.
Israeli Concerns and Regional Dynamics
The draft MOU explicitly addresses the conflict between Israel and Hezbollah, stipulating that hostilities must cease. Israeli Prime Minister Benjamin Netanyahu expressed reservations about this condition during a call with President Trump, citing domestic security concerns. U.S. officials assured that Israel retains the right to respond if Hezbollah violates the ceasefire.
The mediation efforts involved several regional leaders, including UAE President Mohammed bin Zayed, who expressed support for the deal during a conference call with Trump. Leaders from Saudi Arabia, Qatar, Egypt, Turkey, and Pakistan also participated, underscoring the broader regional implications of the agreement.