Global
A memorandum of understanding between the United States and Iran to halt hostilities is expected to be signed by Sunday, with Geneva likely to host negotiations. An informed source revealed the MOU's text is still drafting. Iran insists the agreement must end fighting in Lebanon between Israel and Hezbollah. Drafting aims for completion by Saturday for signing, with US Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf present. Though the final location is undetermined, Geneva remains the strongest option. Previous sources indicated the Washington-Tehran MOU includes reopening the Strait of Hormuz without fees and easing sanctions on Iran for compliance. It also extends a sixty-day ceasefire, covering Lebanon, with nuclear negotiations during this period. The text outlines a framework for Iran's enriched uranium stockpile, though full nuclear program details require a subsequent, comprehensive agreement. In a related development, the US President announced Thursday evening a fair settlement for the Iran conflict. He affirmed the agreement's signing in Europe soon by his deputy, and the Strait of Hormuz's official opening immediately upon signing.
