Iran is given a lot, Trump gets little? Memorandum on stopping the war could be signed on Sunday

A memorandum between the United States (US) and Iran on stopping the Gulf War could be signed as early as Sunday, a Western source told Reuters, with Geneva being mentioned as the most likely place for the signing.

The source said the text of the memorandum is still being finalized and that Iran is sticking to its position that the agreement must also end the fighting in Lebanon, where Israel is fighting the Iranian-backed Hezbollah.

The goal is to finalize the text by Saturday so that the agreement could be signed by US Vice President JD Vance and Iran's Parliament Speaker Mohammad Bagher Ghalibaf.

The location of the signing has not yet been determined, but Geneva is said to be the most likely location.

Trump said yesterday that he was canceling new attacks on Iran announced for that day because, as he said, the agreement is now ready.

"We just made a great deal on war with Iran," Trump told reporters at the White House yesterday.

But the terms of the deal, as described by Iranian officials today, appear to give Tehran much of what it has been asking for, while Trump appears to have gotten little of what he asked for, other than the reopening of the Strait of Hormuz, which Iran closed when Trump ordered the Feb. 28 attacks.

A senior Iranian source told Reuters on Monday that the draft would lift sanctions on Iranian oil, unfreeze billions of dollars in assets and call for a cessation of hostilities on all fronts, including Lebanon.

Nuclear issues would be set aside for later negotiations. Washington wants an agreement that will ensure that Iran never develops nuclear weapons, while Iran claims that it is not even trying to develop nuclear weapons, but only wants to use nuclear energy for peaceful purposes.

Lifting sanctions, unfreezing Iranian assets and stopping Israeli attacks on Lebanon are the main Iranian demands, according to Reuters, adding that the source did not say what Iran would offer in return, nor that the US has so far responded to a request for clarification.

Iran's Mehr news agency said the terms of the deal also include other key US concessions, including a commitment to withdraw US forces from around Iran, and the presentation of a plan to rebuild Iran's devastated economy.

"The US and its allies must submit plans for the reconstruction of Iran worth at least $300 billion," the Iranian agency said.