U.S.-Iran peace memorandum could be signed on Sunday in Geneva: Reuters
The draft would reopen the Strait of Hormuz and start 60 days of nuclear talks, while sanctions relief would depend on verified Iranian compliance.
- On Thursday, President Donald Trump canceled planned military strikes against Iran, citing approval of a memorandum of understanding framework that could be signed this weekend in Europe by Vice President JD Vance.
- The conflict began February 28 after U.S. and Israeli strikes; Iran closed the Strait of Hormuz and launched retaliatory attacks, disrupting global energy supplies and fueling inflation that has pressured Americans economically.
- Draft terms include a 60-day ceasefire, immediate reopening of the Strait of Hormuz, and sequenced sanctions relief tied to Iran's compliance, with nuclear program limitations to be negotiated during the interim period.
- Global markets surged as Brent crude fell 4.2% to $89.21 per barrel; however, Iranian Foreign Ministry spokesman Esmaeil Baqaei dismissed finalized deal reports as "speculation," stating Tehran has not yet reached a final decision.
- Prime Minister Benjamin Netanyahu's office confirmed Israel is not a party to the agreement, while experts caution that global energy markets could take until next year to normalize even if a deal succeeds.
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200 Articles
Very little for now, and everything suggests that it will not be decisive
Hours earlier, Pakistan's Prime Minister Shehbaz Sharif had announced that the draft would probably be finalized "in the next 24 hours"
According to Pakistan, Tehran and Washington could conclude a memorandum of understanding "in the next 24 hours". This document aims to end hostilities and open a 60-day period of negotiations.
What the US says is in the potential Iran war agreement
A senior administration official on Friday laid out elements of a potential short-term agreement between the U.S. and Iran, which could usher in formal negotiations to end the war between the two countries. The senior administration official, in a call with reporters Friday afternoon, said the deal: reopens the Strait of Hormuz and lifts the U.S. blockade on it; "leads to the dismantling of the Iranian nuclear program;" "leads to the United Stat…
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