US and Iran Move Toward 60-Day Ceasefire With Oil Flows and Nuclear Talks
The U.S. and Iran are close to signing a 60-day memorandum of understanding that would reopen the Strait of Hormuz, allow Iran to sell oil, and ease some sanctions in exchange for Iran’s commitments on its nuclear program, with negotiations to suspend enrichment and remove stockpiles to follow in a final agreement. The draft also envisages an end to the Israel-Hezbollah conflict, a pause in further sanctions relief until verifiable concessions are made, and keeps U.S. forces in the region during the period. Mediation led by Pakistan and support from Gulf leaders are backing the plan, and a Sunday announcement is possible but not guaranteed. If Iran delivers on concessions, broader economic relief could come; if not, the deal could fall apart.
