U.S. President Donald Trump has not approved a proposed 60-day peace pact between the United States and Iran that includes at least $300 billion in reparations for Iranian infrastructure damage and the reopening of the Strait of Hormuz.
The memorandum of understanding (MOU) outlines temporary ceasefires in Lebanon and other regions, with Iran agreeing to allow maritime traffic to return to prewar levels for 30 days as part of efforts to clear mines from the strait. However, the U.S. has not set a timeline for lifting the naval blockade.
Trump met with his advisors at the White House today without signing off on the plan. Earlier this morning, he announced he would convene additional discussions in the Situation Room before making a decision.
Iranian officials stated that the deal includes a pledge to lift U.S. sanctions over time if a final agreement is reached and requires Iran to suspend its nuclear program. The MOU also calls for an international investment fund of at least $300 billion, which Iranian negotiators estimate would cover damages from U.S. military actions.
The proposal appears to be an iteration of an earlier idea floated by Mr. Trump’s Middle East envoy, Steve Witkoff, and his son-in-law, Jared Kushner.
Trump emphasized on Truth Social that Iran must agree never to build nuclear weapons and that the Strait of Hormuz must open without fees for “unrestricted shipping traffic.” He also announced plans to unearth and destroy a byproduct of a previous U.S. bombing—referred to as “Nuclear Dust”—in collaboration with Iran and international authorities.
Despite these terms, negotiations remain complex. The United States has not specified when the strait will be fully reopened after the initial 30-day period. A senior U.S. official confirmed that Trump left his meeting with advisors without deciding on the plan, stating the reason is unclear.
