Iranian media revealed a proposed memorandum
calling for an immediate ceasefire across all fronts, U.S. forces pulling back
from Iran, lifting the naval blockade on the Strait of Hormuz within 30 days,
suspending oil sanctions, and releasing $24 billion in frozen assets.
President
Trump announced Thursday that talks reached Iran's top levels, hinting at a
'great settlement' for signing soon in Geneva, though Iran's Foreign Ministry
says much is finalized but no deal is set.
The war began February 28 with strikes killing Supreme Leader Ali Khamenei, leading to retaliation and a blockade; markets rallied on the news, but past claims of near-deals—39 by Trump's count—add caution.