Traders' hopes fade for U.S.-Iran nuclear deal this year despite report on potential ceasefire agreement
Traders are losing optimism for a U.S.-Iran nuclear deal this year, despite reports of a potential ceasefire agreement. The negotiations are expected to be intensive, focusing on Iran's nuclear demands and the disposal of highly enriched uranium. Economic and military options remain on the table if Iran does not comply with the demands during negotiations.
- ▪A report indicates that Trump has not yet approved a 60-day memorandum of understanding regarding Iran's nuclear program.
- ▪Iran has committed not to pursue a nuclear weapon as part of the potential agreement.
- ▪If Iran fails to meet nuclear demands, the U.S. may consider economic or military options.
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The Axios report, citing two U.S. officials and a regional source, said Trump has yet to approve a 60-day memorandum of understanding (MOU) after the first three months of the war. Though the report suggests an agreement on nuclear demands still requires "intensive negotiations," it looks to be a priority. Iran will not pursue a nuclear weapon as part of the agreement, officials said. The 60-day MOU will also address the disposal of Iran's highly enriched uranium, and how to address its enrichment, Axios reported. "This is an agreement to get everybody to the table. We will work out the details in the negotiations," one of the U.S. officials told Axios.Economic, military optionsIf Iran fails to meet nuclear demands during negotiations, U.S.
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