Overview
- U.S. President Donald Trump described a framework as “largely” negotiated after talks that Western and regional mediators said produced a draft 14-point memorandum.
- Iran’s foreign ministry said the memorandum was in final drafting and that detailed atom-related talks would follow in a 30–60 day window, keeping nuclear specifics off the immediate agenda.
- Reported draft terms would extend the ceasefire for about 60 days, require Iran to clear mines and restore ship traffic through the Strait of Hormuz, and grant Iran limited economic relief during the pause.
- Key disputes persist over the fate of Iran’s highly enriched uranium stockpile, the precise governance and fees for Hormuz, and the sequencing and verification by which sanctions relief would be granted.
- Regional mediators led by Pakistan remain active and markets have reacted to the diplomatic signals, but the U.S. has kept its naval blockade in place until any deal is formally signed and verified.