60-Day Deal in Place, Final Decision in Trump's Hand
The US and Iran have reportedly reached an agreement on a 60-day memorandum of understanding (MoU) to extend the ceasefire and restart negotiations on Iran's nuclear program. However, the deal still requires President Donald Trump's final approval, according to two US officials and a regional source involved in the mediation, as reported by Axios.
The report described the process as a crucial diplomatic step, but it has not yet reached the "signed and sealed" phase because political decisions at the highest level have not yet been made. Reuters also reported similar developments, citing the Axios report, that the MoU has been reached but is still awaiting Trump's approval.
If approved, the MoU would extend the de-escalation window and shift the focus of talks to the nuclear issue for a limited time. However, the pending final approval status keeps the market exposed to headline risk, especially since several previous attempts to approach a deal have not resulted in finalization.
For energy markets, the key point remains the execution path: the lack of a finalized deal means geopolitical risk premiums could remain sticky until there is certainty of a signature and verifiable implementation parameters. The next variable to monitor is Trump's decision, and whether this 60-day framework is sufficient to maintain the ceasefire while opening the path to nuclear negotiations without further escalation. (Arl)
Source: Newsmaker.id
