Draft Iran Deal Would Restore Pre-War Conditions Over 60 Days

A draft memorandum of understanding under review by President Trump would pause the conflict with Iran and restore conditions that existed on February 27, according to the Washington Examiner. Over the following 30 days the status of talks would revert to Iranian proposals on its uranium stockpile and a pledge to forgo nuclear weapons development.

The Strait of Hormuz would reopen as an international waterway and the United States would lift its blockade of Iranian ports. A 60-day ceasefire would then begin, after which Steve Witkoff and Jared Kushner would resume negotiations on a broader accord.

Vance told reporters at Joint Base Andrews that reopening the strait, damage to Iran's conventional forces, and limits on its nuclear program had already been achieved. He added that further work was needed before a final agreement. Treasury Secretary Scott Bessent said at a White House briefing that Iran would receive no sanctions relief until it demonstrated compliance by opening the strait, transferring highly enriched uranium, and confirming it would not pursue nuclear weapons.

He described the proposal as a multifaceted interim agreement.

Six senators, three Democrats and three Republicans, sent a separate letter to War Secretary Pete Hegseth demanding immediate release of $400 million in security assistance for Ukraine and $200 million for the Baltic States that Congress had already appropriated.

New York Times columnist Thomas Friedman said the memorandum would return the parties to the starting point of negotiations rather than resolve the underlying issues. U.S. leverage on enrichment limits. A Russian drone that struck an apartment building in Galati, Romania, injured two people during an attack on Ukraine, prompting NATO Secretary-General Mark Rutte to reaffirm alliance solidarity with Romania.