Overview
- US officials said President Donald Trump, Vice President JD Vance and Iran’s chief negotiator Mohammad Bagher Ghalibaf have digitally signed a 14‑point memorandum and that a formal signing is planned in Geneva on Friday.
- The agreement, described by parties as a temporary ceasefire, defers the toughest issues to a 60‑day technical phase led by Vance focused on Iran’s nuclear program, enriched‑uranium stocks and sanctions relief.
- The deal includes provisions to reopen the Strait of Hormuz but the sides disagree over payment rules with Trump saying passage will be fee‑free while Iranian outlets describe new charges for maritime services; ship‑tracking showed only a handful of transits so far.
- Iranian state media report the release of about $24 billion in frozen assets and suspension of oil sanctions during negotiations but US officials have denied direct US cash transfers and say any relief is conditional on verification.
- Regional and international reactions are mixed: Israel has expressed strong misgivings and signaled continued operations in south Lebanon, the EU says sanctions will not be lifted without concrete changes, and analysts call the framework a fragile first step rather than a final peace.