05-24-2026, 08:49 AM
Axios has a rough outline of the deal. Iran can sell its oil, gets sanction relief, and maybe a nuclear deal latter.
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Some thoughts from other politicians.
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Quote:Both sides would sign a memorandum of understanding (MOU) that would last 60 days and could be extended by mutual consent.The U.S. official said the faster the Iranians clear the mines and let shipping resume, the faster the blockade will be lifted.
- During the 60-day period, the Strait of Hormuz would be open with no tolls and Iran would agree to clear the mines it deployed in the strait to let ships pass freely.
- In exchange, the U.S. would lift its blockade on Iranian ports and issue some sanctions waivers to allow Iran to sell oil freely.
- The U.S. official acknowledged that would be a boon to Iran's economy, but said it would also give significant relief to the global oil market.
Nuclear issues still to be negotiatedThe draft MOU includes commitments from Iran to never pursue nuclear weapons and to negotiate over a suspension of its uranium enrichment program and the removal of its stockpile of highly enriched uranium, the U.S. official said.
- The official said Trump's key principle in the agreement is "relief for performance."
- Iran wanted funds unfrozen immediately and permanent sanctions relief, but the U.S. side said that would only happen after tangible concessions were made, according to the official.
The intrigue: The draft MOU also makes clear that the war between Israel and Hezbollah in Lebanon would end.
- According to two sources with knowledge, Iran gave the U.S. through the mediators verbal commitments about the scope of the concessions it's willing to make on suspending enrichment and giving up the nuclear material.
- The U.S. would agree to negotiate over lifting sanctions and unfreezing Iranian funds during the 60-day period — though those steps would only be implemented as part of a final agreement that is verifiably implemented.
- U.S. forces that were mobilized in recent months would stay in the region during the 60-day period and only withdraw if a final deal is reached.
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Some thoughts from other politicians.
Quote:“The rumored 60-day ceasefire — with the belief that Iran will ever engage in good faith — would be a disaster,” Sen. Roger Wicker (R-Miss.), the chairman of the Senate Armed Services Committee, wrote in a post on social platform X.
Sens. Ted Cruz (R-Texas) and Lindsey Graham (R-S.C.) also publicly raised doubts about the wisdom of the deal.
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