The U.S. and Iran are within reach of an agreement to wind down the war, Treasury Secretary Scott Bessent told reporters Thursday, but President Trump has yet to sign off on it, and the White House wants a deal that satisfies several key conditions.
“We perhaps have the makings of a deal here,” Bessent said from the White House, noting both sides have been swapping proposals. “Everything depends on what the president wants to do, and President Trump is not going to make a bad deal.”
Bessent said Iran must agree to dispose of its highly enriched uranium, commit to never seek a nuclear weapon and fully reopen the Strait of Hormuz—elements U.S. officials previously said would be in the so-called memorandum of understanding.