Abbas Araghchi Says U.S.-Iran Memorandum To End War Could Be Signed In Coming Days

U.S. and Iran negotiations for a memorandum of understanding on ending the war have entered their final stages, with Iranian Foreign Minister Abbas Araghchi saying the draft agreement will be signed “remotely” and that “This could happen in the coming days.”

Araghchi told state television that the United States commits “not to start a war and not to resort to threats,” and that both sides commit to respecting each other’s sovereignty and not interfering in internal affairs.

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Reuters reported that the United Arab Emirates has agreed to release billions of dollars for Iran, with two regional sources telling Reuters the Emirates would release a total of $10 billion and over $3 billion already paid out, while two other sources put the total at $20 billion.

The Guardian described the talks as a “Trump rollercoaster,” noting that after Trump warned Iran was about to be struck “VERY HARD,” he later said he had “cancelled the scheduled strikes and bombings against Iran this evening.”

While Trump said the ceasefire negotiations had “basically been finalized,” Iran’s foreign ministry said relevant institutions were reviewing whether to approve the draft memorandum of understanding, confirming the talks were in their final stages.

The Korean outlet 조선일보 reported that Trump told reporters at the White House on the 11th that “The signing ceremony could take place in Europe this weekend,” and that Vice President JD Vance would attend.

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CNN, via Türkiye Today, cited three sources saying a signing ceremony would most likely take place in Geneva, Switzerland, while Iran’s semi-official Mehr News Agency published what it described as “14 key points in the draft accord.”

In Washington, a senior U.S. administration official told reporters the sides were “very close” to sealing a deal, while also stressing that the agreement remains unsigned and that the likelihood of a final signing was around “80 to 85 percent.”

The draft framework described in multiple reports ties the ceasefire to sanctions relief and Strait of Hormuz access, with Xinhua reporting that nuclear talks would be held within a 60-day period after the potential signing of the MoU.

Xinhua also said the MoU would not create new commitments on Iran’s nuclear program, adding that Iran would insist on its right to uranium enrichment and retention of its enriched uranium during the 60-day negotiations.

The Guardian reported that the talks’ focus includes opening the strait of Hormuz and turning the ceasefire into something more permanent, while also describing an impasse over cash tied to a $24bn tranche of an estimated $100bn of assets frozen around the world.

In parallel, CBS News reported that U.S. forces shot down two Iranian one-way attack drones after a U.S. official said it appeared Iran attempted to strike commercial ships transiting the Strait of Hormuz, as Iran had not confirmed a final decision on the proposed peace deal.