Istanbul: The US and Iran are reportedly nearing a significant breakthrough as they inch closer to signing a one-page memorandum of understanding (MOU) aimed at ending the ongoing war and establishing a framework for future nuclear negotiations. This development was revealed by the Axios news site, which cited sources familiar with the discussions.
According to Anadolu Agency, the US anticipates a response from Iran on crucial issues within the next 48 hours. While no formal agreement has been reached yet, this marks the closest the two nations have come to a resolution since the conflict began. The proposed MOU would require Iran to halt its nuclear enrichment activities, while the US would, in turn, lift sanctions, release frozen assets, and reduce transit restrictions in the Strait of Hormuz. However, the terms are contingent upon reaching a final agreement, leaving open the possibility of renewed hostilities or an extended unresolved ceasefire.
The Axios report also highlighted that US President Donald Trump recently decided against initiating a new operation in the Strait of Hormuz, opting instead to preserve the fragile ceasefire due to the progress in negotiations. The 14-point MOU is being crafted by US envoys Steve Witkoff and Jared Kushner, who are engaging with Iranian officials both directly and through intermediaries.
Under the terms of the draft MOU, the war would come to an end, and a 30-day negotiation period would commence to address critical issues such as reopening the Strait, curbing Iran's nuclear ambitions, and lifting sanctions. These negotiations could potentially take place in Islamabad or Geneva. During this period, both Iran's shipping restrictions and the US naval blockade would be gradually lifted.
Should the talks fail, the US retains the option to reinstate the blockade or resume military action. A key sticking point in the negotiations is the duration of the nuclear enrichment moratorium, with estimates ranging from 12 to 15 years. Iran has proposed a five-year moratorium, while the US is advocating for a 20-year term.