Trump says Iran memorandum is a breakthrough as talks continue

President Donald Trump said a new memorandum of understanding with Iran marks a major step toward normalizing relations after months of conflict, but White House officials said the agreement leaves several major issues unresolved. According to administration officials, the document begins a 60day period of technical negotiations that will focus on sanctions relief, frozen Iranian assets, and Iran’s nuclear program. A formal signing ceremony involving U.S. and Iranian officials, along with mediators from Pakistan and Qatar, is expected later this week. Officials also said the memorandum is a framework rather than a final deal, and they stressed that the coming weeks will determine whether the talks produce a lasting agreement. The arrangement has already affected markets, with oil prices falling after the Strait of Hormuz was reopened under the ceasefire framework.