WEB DESK: US and Iranian officials have reportedly reached an initial understanding on a memorandum of understanding that could be signed as early as Sunday, according to reports carried by Bloomberg and other American media outlets. The reported agreement would come just before the G7 summit, which is set to begin in Geneva, Switzerland, on Monday.
The reports say the draft framework includes the immediate reopening of the Strait of Hormuz and a 60-day ceasefire across all fronts. Sanctions relief for Iran would reportedly be linked to verifiable actions by Tehran, while negotiations over Iran’s nuclear program would continue during the ceasefire period.
Reported provisions under discussion
Immediate reopening of the Strait of Hormuz
60-day ceasefire across all fronts
Phased sanctions relief tied to Iranian actions
Continued nuclear negotiations during the ceasefire
Future talks focused on nuclear and economic issues
According to the reported framework, future negotiations would focus on nuclear and economic issues, while Iran’s missile program would remain outside the scope of the talks.
Iranian media have also reported that the draft understanding includes provisions related to the lifting of sanctions, the withdrawal of American forces from areas around Iran, the end of what Tehran describes as the blockade in the Gulf of Oman, and the reopening of the Strait of Hormuz. The reports further suggest that restrictions on Iranian oil exports could be eased and some frozen Iranian assets restored, although a maritime blockade would remain in place until final approval of the broader agreement.
US President Donald Trump said earlier that documents related to an agreement with Iran were in their final stages and that a deal could be signed by the weekend. He also stated that the Strait of Hormuz would reopen within a week of an agreement and expressed confidence that Iran’s supreme leadership had approved the arrangement.
However, Iran’s Foreign Ministry has publicly rejected the suggestion that a final agreement has already been reached. Foreign Ministry spokesman Esmaeil Baghaei said diplomatic contacts are continuing but no final decision has been made. He added that while significant portions of the text may have been agreed upon, Iran will not compromise on what it considers its red lines.
The conflicting statements highlight the gap that often remains between preliminary diplomatic understandings and a formally signed international agreement. Analysts say the coming days, particularly ahead of the G7 summit, will be critical in determining whether the reported framework becomes an official deal or remains an incomplete draft.
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