Donald Trump has announced that a "memorandum of understanding" in talks to end the US-Israel war on Iran "has been largely negotiated." Official details remain scant, but here is what we know about the potential agreement.
What could be included in the agreement?
The deal would involve a 60-day ceasefire extension, reopening the Strait of Hormuz, allowing Iran to freely sell oil, and talks on limiting Iran's nuclear programme, a US official told Axios. Iran would also clear mines from the strait and impose no tolls on ships. In exchange, the US would lift its blockade on Iranian ports. US Secretary of State Marco Rubio said the deal could achieve a "completely open" Strait of Hormuz "without tolls." Iranian media reported the strait would remain under Iranian control. The deal would reportedly unfreeze some Iranian assets held in banks outside Iran. Hostilities would be halted on all fronts, including Israel and Lebanon.
What is probably not going to be included?
A senior Iranian source told Reuters that Tehran had not agreed to hand over its highly enriched uranium (HEU) stockpile, contradicting earlier US reports. There has been no mention of Iran's ballistic missile programme or curbing support for regional allies like Hezbollah or the Houthis.
