Trump meets team to decide on Iran deal
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President Trump said on Friday that he's convening his national security team in the White House Situation Room to make a final decision about the agreement reached between U.S. and Iranian negotiators.
Why it matters: The signing of the memorandum of understanding would be the most significant diplomatic breakthrough since the war started, but a final agreement tackling Trump's nuclear demands would require further negotiations.
- The text of the MOU was largely agreed as of Tuesday, but Trump told the mediators he needed more time to make a decision.
The big picture: U.S. officials told Axios the 60-day MOU will state that shipping through the Strait of Hormuz will be "unrestricted." A U.S. official said this means no tolls and no harassment and that Iran will have to remove all mines from the strait within 30 days.
- The U.S. naval blockade will also be lifted, but that will happen in proportion to the restoration of commercial shipping, a U.S. official said. The the U.S. would also issue some sanctions waivers to allow Iran to sell oil freely.
- The MOU will include an Iranian commitment not to pursue a nuclear weapon, the officials said. It will also state that the first issues to be negotiated during the 60-day window will be how to dispose of Iran's highly enriched uranium and how to address Iranian enrichment.
This is a breaking news story and will be updated.
