A deal between the United States and Iran to end the ongoing war is anticipated to unfold in three distinct stages, according to recent reports. The first stage involves formally concluding the conflict, followed by resolving the crisis in the strategically vital Strait of Hormuz, and finally launching a 30-day window for negotiations on a broader agreement, which may be extended if necessary, sources familiar with the matter told Reuters.
Stages of the Agreement
The proposed memorandum outlines a phased approach. Two Pakistani sources indicated that the Strait of Hormuz would be reopened immediately after the US lifts its blockade on Iranian shipping. US Secretary of State Marco Rubio stated that if the outline is agreed upon, it would mean "completely open straits" and "without tolls," signaling a significant de-escalation.
Iranian Conditions and Fund Release
Iran's Tasnim news agency reported that any changes in navigation through the Strait of Hormuz are conditional on the implementation of other commitments by the United States. Additionally, some Iranian funds that have been frozen globally as part of sanctions must be released during the first phase of the deal. This condition underscores Tehran's insistence on tangible economic relief.
One of the Pakistani sources added that if the US accepts the memorandum, further talks could take place after the Muslim Eid holiday, which ends on Friday. This timeline suggests a potential acceleration in diplomatic efforts.
Broader Implications
The potential deal marks a critical juncture in US-Iran relations, with the reopening of the Strait of Hormuz—a chokepoint for global oil shipments—being a key priority for international markets. Rubio's comments signal optimism, though Iranian officials have tempered expectations by linking progress to US compliance with all terms.
