Iran has reportedly agreed to halt efforts toward developing a nuclear weapon and reopen the Strait of Hormuz in exchange for the release of $25 billion in frozen assets by the United States as part of a proposed peace arrangement reportedly brokered by President Donald Trump.
According to reports, Washington and Tehran were expected to sign a memorandum of understanding electronically following virtual discussions aimed at laying the groundwork for broader negotiations on Iran’s nuclear programme.
Despite renewed Israeli strikes in Lebanon, Trump reportedly expressed confidence that discussions would continue, holding talks with both Israeli Prime Minister Benjamin Netanyahu and Iranian representatives to ease tensions.
Iranian officials have signaled cautious optimism that a breakthrough could be near after months of regional instability that disrupted global markets.
Pakistani Prime Minister Shehbaz Sharif also indicated that a formal agreement could be reached soon, stating that reopening the Strait of Hormuz would be among the immediate outcomes of the arrangement.
The proposed framework would reportedly allow the US to release frozen Iranian funds while opening a 60-day period for further technical negotiations on unresolved issues.
U.S. officials said the arrangement could also involve restrictions on Iran’s enriched uranium programme and changes to broader regional security commitments, while easing some maritime restrictions affecting Iranian-linked vessels.
