AXIOS reports Witkoff and Kushner reached agreement with Iran last week on a
60‑day memorandum covering a ceasefire extension, reopening the Strait of
Hormuz, allowing Iran to sell oil, and negotiations on Iran’s enriched‑uranium
stockpile and future enrichment limits. Trump requested two edits to the text;
Iran will submit its own changes. The U.S. is awaiting Iran’s formal response;
sources say differences are relatively small. Key outstanding issues: Trump
insists any final deal include a 60‑day window to dilute Iran’s enriched
uranium, while Iran seeks 90 days; and there is disagreement over the amount and
timing of releasing frozen Iranian assets — U.S. says funds would be released
after a final agreement and specific implementation steps, Iran seeks partial
immediate release. If talks move to a second phase, the nuclear expert team that
met with Witkoff and Kushner would need to plan disposition of Iranian nuclear
material, further enrichment limits, and verification arrangements.
