The interim deal between the US and Iran would extend the ceasefire, reopen the Strait of Hormuz and pave the way for more talks on Iran’s nuclear program, a diplomat briefed on the matter told CNN.
The diplomat said the two sides had agreed on the text of the memorandum of understanding, as it is known, but that it is yet to receive final signoff.
Here are some key points in the agreement, according to the diplomat:
A 60-day ceasefire “on all fronts,” including Lebanon, will begin upon signing. The Strait of Hormuz will be reopened immediately, without Iran levying any fees for passage. It ensures the free flow of energy and commercial goods. Traffic through the waterway would return to prewar levels after 30 days of signing. The US blockade of Iranian ports will be lifted and there would be some sanctions relief “based on the progression of the deal and continued engagement in good faith” – though it does not include a set date for sanctions relief. The agreement “satisfies all US requirements on the nuclear issue,” including Iran pledging not to obtain a nuclear weapon, as well as the issue of Iran’s stockpile of highly enriched uranium. The deal will be called the “Islamabad Agreement.”The diplomat didn’t say whether the deal includes the release of billions of dollars in frozen Iranian funds, a key Iranian demand that had reportedly been holding up the agreement. The diplomat said the status of the Strait of Hormuz and Iran’s nuclear program were among the topics that were discussed in the final days of negotiations.
US President Donald Trump said on Thursday that the US had “ended the war with Iran” and that Vice President JD Vance could attend a signing ceremony in Europe within days. A second diplomat told CNN that the venue for such a signing could be Geneva, Switzerland – not from where Trump and a US delegation will attend a G7 summit in France next week.
The Iranian Foreign Ministry spokesperson said earlier that reports of a deal were “merely speculation” and that his country has not yet reached a final decision on any agreement, according to state media.
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