WASHINGTON / TEHRAN – The United States and Iran are reportedly hours away from ending their two-week-old war. Iran's Foreign Ministry confirmed Wednesday it is reviewing a new U.S. peace proposal. Sources briefed on the mediation say both sides are closing in on a one-page, 14-point memorandum.
What the Deal Includes:
1. Immediate Ceasefire: All military operations stop.
2. Strait of Hormuz Reopens: The vital oil shipping lane will be "OPEN TO ALL, including Iran," President Trump wrote on Truth Social.
3. Sanctions Relief: The U.S. will lift economic sanctions and unfreeze Iranian assets.
4. Nuclear Talks: A 30-day clock starts for detailed negotiations on curbing Iran's uranium enrichment program.
President Trump issued a stark warning at a White House event: "We're dealing with people that want to make a deal very much... If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before."
He confirmed he spoke with Israeli Prime Minister Benjamin Netanyahu and both agreed that all enriched uranium must be removed from Iran. Tehran denies seeking a nuclear weapon.
Market Impact: News of the deal caused Brent crude futures to crash 11% to $98 a barrel, a two-week low. Global stocks surged as fears of an energy crisis eased.
Key Hurdles: The memo does not address U.S. demands on Iran's missile program, proxy militias, or its existing 400+ kg stockpile of near-weapons-grade uranium. Iranian lawmaker Ebrahim Rezaei called it "more of an American wish-list than a reality."
*Labels:* Breaking News, USA News, Donald Trump, Iran, World News, Oil Price, Politics, Middle East
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