Overview
- Trump, who said Wednesday talks were “very good” and a deal was “very possible,” paused the Project Liberty naval escorts to create space for negotiations.
- Iran’s foreign ministry said the U.S. proposal is under study and that its response will go through Pakistan, even as senior Iranian negotiators denounced the plan as coercive.
- Draft terms reported by multiple outlets describe a one-page, 14‑point memo that would trigger a 30‑day process with UN inspections, a 12–15 year enrichment moratorium, possible transfer of highly enriched uranium abroad, phased sanctions relief, and steps to reopen the Strait of Hormuz.
- U.S. officials said the ceasefire holds despite recent Iranian strikes in the strait that they judged below the threshold to resume full hostilities, and Trump warned he would intensify bombings if Tehran rejects the deal.
- Oil fell sharply on the deal hopes, with WTI dropping about 7% and Brent sliding toward $100, as hundreds of ships remained stuck, shippers tallied heavy losses, Pakistan voiced optimism, and France, the U.K. and China moved to shape maritime security and diplomacy.