Here's what the draft memo for a proposed deal with Iran includes

Updated on: May 25, 2026 / 7:36 PM EDT / CBS News

Here's what the draft memo for a proposed deal with Iran includes

TL;DR

  • A draft agreement with Iran proposes a 60-day ceasefire extension.
  • The deal includes a commitment to ending all military operations on every front, including Lebanon.
  • Iran would reaffirm its commitment not to develop nuclear weapons and to dispose of its enriched uranium stockpile.
  • Iran and the U.S. have reportedly agreed in principle to reopening the Strait of Hormuz in exchange for lifting U.S. blockades on Iranian ports and ships.
  • The mechanism for disposing of Iran's enriched uranium stockpile still needs to be settled by both sides.
  • Iran would immediately reopen the Strait of Hormuz and ensure traffic returns to pre-war conditions within 30 days.
  • Issues regarding Iran's frozen financial assets and sanctions would be addressed based on Iran's compliance.
  • President Trump indicated a peace deal was largely negotiated but final details are still being discussed.