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US and Iran 'very close' to ceasefire deal, Vance says, as Trump shares draft with allies

BBC + 4 others·92d ago·Politics
Donald TrumpDonald Trump38.4 ΦJ.D. VanceJ.D. Vance42.6 Φ

The US and Iran are close to an agreement to end their war but have not sealed it, with negotiators still split over Iran's uranium enrichment. The two sides are "very close" but "not there yet," Vice-President JD Vance said, adding that it was too early to say "when or if" President Donald Trump would sign. US officials had earlier described a framework — a memorandum of understanding — agreed pending approval by Trump and Iran's leadership, the BBC reported.

What is in the framework? The deal would extend the current ceasefire for 60 days and open talks on Iran's nuclear programme. It would allow unrestricted passage through the Strait of Hormuz, give Iran 30 days to clear mines from the waterway, lift the US blockade and let Tehran resume oil sales under sanction waivers. A draft that Trump circulated to allies would also unlock as much as $12bn in frozen Iranian assets and place enrichment under IAEA supervision, the Guardian reported.

Why has it not been signed? Vance said negotiators were "going back and forth on a couple of language points," including the question of enrichment. Trump had been briefed but wanted a few more days to weigh the proposal, and Iran said no agreement had yet been finalised.

What could still derail it? Tehran struck a US airbase in Kuwait after Washington hit what it called an Iranian drone operation near the strait, underscoring how fragile the truce remains. The current scope would be difficult for Israel, which the draft leaves without firm Iranian nuclear commitments and which would face a permanent ceasefire extending to Lebanon, the Guardian reported.


Figures referenced: Donald Trump, JD Vance. — JudgeMarket.

Sources

  • BBCUS and Iran 'very close' to deal but 'not there yet', Vance says92d ago
  • Japan TimesTrump's room to maneuver narrows as U.S., Iran close in on framework deal93d ago
  • GuardianDonald Trump shares draft Iran peace agreement with Israel and other allies93d ago
  • PBSVance says U.S. and Iran make progress, but Trump's backing unclear93d ago
  • Deutsche WelleIran, US reportedly agree to deal, pending Trump approval93d ago