Key checks
- Existence of a one-page memorandum: Sources confirm a 14-point memorandum of understanding is being negotiated to end the war and start a 30-day negotiation period.
- 48-hour deadline for Iranian response: The U.S. is reportedly waiting for responses from Tehran on key points of contention within a 48-hour window.
- Strait of Hormuz and frozen funds: The deal involves lifting the U.S. naval blockade and releasing billions in frozen funds if Iran agrees to an enrichment moratorium.