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How Far Is There to Go Until the US and Iran End the War?
Sources said the draft would reopen shipping through the Strait of Hormuz and ease sanctions, while leaving Iran’s nuclear terms unresolved.
On Thursday, sources told Reuters that the United States and Iran agreed to a 60-day memorandum of understanding to halt the war and give negotiators time to reach a final deal.
Iran's closure of the Strait of Hormuz has pushed up oil prices, while the United States blockade on Iranian ports has severely impacted state revenue, creating mutual economic pressure for a ceasefire.
The framework includes a 30-day arrangement for movement through the Strait of Hormuz and potential financial relief for Tehran, with reopening the strait a United States priority.
Vice President JD Vance said on Thursday the sides are 'very close' to an agreement, yet President Donald Trump has not yet approved the deal according to sources.
Complex issues including stockpiles of uranium enriched to 20% and 5%, the status of advanced centrifuges, and the future of Iran's nuclear program remain subject to talks over subsequent weeks.