The US and Iran are nearing a preliminary agreement to end the conflict and restart nuclear negotiations, working on a one-page memorandum of understanding (MOU) outlining key commitments including a temporary halt to Iran’s nuclear enrichment activities and a framework for broader talks. This agreement would involve easing restrictions on transit through the strategically vital Strait of Hormuz and a 30-day negotiation period. Despite Trump’s urging for a ‘smart thing’ and warnings of potential consequences, internal divisions within Iran’s leadership could complicate the process.