US and Iran sign memorandum to extend ceasefire and begin 60-day nuclear talks
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The United States and Iran have electronically signed a memorandum of understanding that extends the ceasefire in the Strait of Hormuz and sets a 60-day window to negotiate a broader nuclear agreement, though many key issues remain unresolved.
Washington and Tehran announced Wednesday that they have electronically signed a memorandum of understanding that extends the ceasefire in the Strait of Hormuz and launches a 60-day period of negotiations aimed at a comprehensive nuclear pact. The agreement, read aloud by U.S. officials, requires Iran to down-blend its highly enriched uranium stockpile under International Atomic Energy Agency supervision, a step described by a senior U.S. official as a "significant concession" by Tehran.
The text does not obligate Iran to abandon its nuclear weapons program permanently, nor does it set a definitive timeline for the down-blending process. Details on how the reduction will be carried out are to be worked out during the two-month negotiation window that begins after the scheduled signing on Friday.
President Donald Trump has emphasized that the United States will not provide direct payments to Iran, contrasting the deal with the Obama administration’s 2016 $1.7 billion settlement. However, the memorandum mentions that the U.S. will work with regional partners on a plan involving at least $300 billion for Iran’s reconstruction, language that some analysts say could allow future financial arrangements.
Republican lawmakers have expressed skepticism, requesting briefings on the agreement’s implications. Senator Bill Cassidy warned that Iran’s nuclear ambitions remain unchecked and that the country may leverage control of the Strait of Hormuz in the future.
The ceasefire also applies to Hezbollah, though the memorandum provides little detail on Iran’s support for the Lebanese militia or its missile program, issues highlighted by both the United States and Israel at the start of the conflict. The 60-day deadline may be extended if negotiations stall, indicating uncertainty about reaching a final, comprehensive settlement.
