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24 May 2026, 03:55

Axios: Details of the Agreement Trump is on the Verge of Signing with Iran

The agreement that the U.S. and Iran are about to sign includes a 60-day extension of the ceasefire; during this period, the Strait of Hormuz will reopen, Iran will be able to sell its oil freely, and negotiations will be held to limit Iran's nuclear program, according to a U.S. official.

🔻Why it matters: This agreement prevents escalation of the war and reduces pressure on global oil supply. However, it is unclear whether it will lead to a sustainable peace agreement; one that also addresses President Trump's nuclear demands.
▪️Current status: Both Trump and intermediaries have stated that this agreement may be announced on Sunday, although it is not yet finalized and could still fall apart.
▪️This U.S. official provided a detailed outline of the current draft, much of which has also been confirmed by other sources close to the negotiations.

🔻What does the agreement entail?
The two sides will sign a memorandum of understanding that is valid for 60 days and can be extended by mutual consent.
▪️During this 60-day period, the Strait of Hormuz will be open without tariffs, and Iran agrees to clear the mines it has laid in the strait to allow ships to pass freely.
▪️In return, the U.S. will lift the blockade on Iranian ports and issue some sanctions waivers so that Iran can sell its oil freely.
▪️This U.S. official acknowledged that this would benefit Iran's economy but stated that it would also provide significant help to the global oil market.

🔻The U.S. official said the quicker the Iranians clear the mines and allow shipping to resume, the faster the blockade will be lifted.
▪️Trump's key principle in this agreement is "concessions for performance."
▪️According to this official, Iran demanded the immediate release of blocked financial resources and permanent lifting of sanctions, but the U.S. side said these matters would only be implemented after tangible concessions are made.

🔻Nuclear issues still need to be negotiated
▪️According to the U.S. official, the draft memorandum includes Iran's commitment never to pursue nuclear weapons and to negotiate the suspension of its uranium enrichment program and the removal of its high-enriched uranium stockpiles.
▪️According to two informed sources, Iran has provided verbal commitments through intermediaries regarding the scope of concessions it is willing to make concerning the suspension of enrichment and the transfer of nuclear materials to the U.S.
▪️The U.S. will agree to negotiate the lifting of sanctions and the release of Iran's financial resources during the 60-day period; however, these actions will only be implemented within the framework of a final agreement and after its verifiable implementation.
▪️U.S. forces that have been stationed in the region in recent months will remain in the area during the 60-day period and will only withdraw if a final agreement is reached.

🔻Noteworthy: The draft memorandum also states that the war between Israel and Hezbollah in Lebanon will come to an end.
▪️An Israeli official said Prime Minister Benjamin Netanyahu expressed concern about this condition during a phone call with Trump on Saturday. He also raised concerns about other aspects of the agreement, but according to a U.S. official, he expressed his views respectfully and cautiously.
▪️The U.S. official stated that this will not be a "one-sided ceasefire," and if Hezbollah attempts to rearm or provoke attacks, Israel will be allowed to take action to prevent that.

🔻What to watch for: According to the U.S. official, the White House hopes to resolve final disagreements in the coming hours and announce the agreement on Sunday.
▪️This official said the agreement may not even last the full 60 days if the U.S. concludes that Iran is not serious about nuclear negotiations. On the other hand, the U.S. believes that economic pressure on Iran creates an incentive for reaching a comprehensive agreement to lift sanctions and release the country's financial resources.
▪️This U.S. official said: "It will be interesting to see how far Iran is really willing to go; but if they have the ability and willingness to change their course, this next phase will force them to make critical decisions about what kind of country they want to be."
▪️Trump's advisors say that if his demands regarding Iran's nuclear program are met, the President is prepared to take extensive actions to reset relations with Iran and give the country an opportunity to pursue its full economic potential, which Trump considers "huge."
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