The United States and Iran are closing in on a memorandum of understanding that would end a war that has dragged on since late February 2026. The proposed 14-point framework covers a ceasefire extension, the reopening of the Strait of Hormuz, sanctions relief, and a structured timeline for addressing Iran’s nuclear and missile programs.

Sources around President Trump described the agreement as “largely negotiated” as of late May 2026, with finalization expected within the next 30 to 60 days. The catch, as always with Iran deals, is the nuclear question, which has been deferred rather than resolved.

What the deal actually covers

The framework would halt active hostilities and reopen the Strait of Hormuz,…