Trump set to lift US sanctions on Iran, free billions and unlock uranium enrichment in unexpected Obama-style peace proposal

Donald Trump is on the verge of securing a comprehensive peace deal with Iran that would lift US sanctions, release billions of dollars of frozen assets and pave the way for uranium enrichment that mirrors the Barack Obama deal he scrapped for years.

A one-page, 14-point memorandum of understanding is being negotiated between senior Iranian officials and Trump envoys Steve Witkoff and Jared Kushner. The White House believes the memo could create a framework to end the war within 48 hours.

If signed, the agreement would formally end the war and open a 30-day window for both countries to negotiate a larger deal that would include reopening the Strait of Hormuz, lifting all U.S. sanctions on Iran and imposing new limits on its nuclear program.

According to Axios, the deal calls for Iran to halt all uranium enrichment for 12 to 15 years, with automatic extensions if Tehran violates the terms.

Another important provision would allow the regime to remove its stockpile of highly enriched uranium from the country, although the note did not specify a destination.

Trump is scrambling to avoid anything like the 2015 Obama deal, which he trashed for years as the “worst deal ever.” But the resulting framework reflects this in striking ways: Sanctions have been lifted, billions of dollars have been frozen, and Iran has been limited to the same 3.67 percent enrichment level that Obama agreed to.

Oil prices fell on news of the proposed agreement with Brent crude, the global benchmark, falling more than 10 percent to below $100 per barrel. Dow-linked stock futures rose 1.1 percent, S&P 500 futures rose 0.9 percent and Nasdaq futures rose 1.6 percent.

The Daily Mail has contacted the White House for comment.

If signed, the memo would officially end the war and open a 30-day window for both countries to negotiate a larger agreement that includes reopening the Strait of Hormuz.

Another important provision would allow the regime to remove its stockpile of highly enriched uranium from the country, although the note did not specify a destination.

Trump is scrambling to avoid anything like the 2015 Obama deal, which he trashed for years as the ‘worst deal ever’

As details of Trump’s latest overture to Iran emerged, the President sent a post to his followers on Truth Social urging the regime to make peace.

“Assuming Iran agrees to deliver what was agreed upon, which is perhaps a big assumption, the already legendary Epic Rage will end and the highly effective Blockade will allow the Strait of Hormuz to be OPEN TO EVERYONE, including Iran,” Trump wrote.

‘If they don’t accept, the bombing will begin and unfortunately it will be at a much higher level and intensity than before.’

The declaration also requires Iran to pledge that it will never seek nuclear weapons or conduct weapons testing activities; These are points that the regime has accepted before.

Diplomats are discussing an additional clause that would ban Iran from operating underground nuclear facilities.

Trump’s latest proposal does not appear to impose any limits on Iran’s ballistic missile program.

But the regime will commit to further nuclear inspections, including immediate review by UN experts and inspectors.

According to US officials, the lifting of sanctions on Iran and the release of billions of dollars of frozen Iranian funds worldwide will be a gradual process.

Trump’s latest offer to Iran includes some key elements of the nuclear deal that Obama signed and scrapped in his first term

Ships and boats in the Strait of Hormuz, Musandam, Oman, May 4

An Israeli source told CNN that behind the scenes, Israel has started to launch new attacks on Iran in case the agreement collapses, and that senior Iranian officials and the country’s energy infrastructure are targeted.

The bombardments were ready to be carried out on the eve of a ceasefire reached in early April and stepped up again this week after Iranian missiles were fired at the United Arab Emirates on Monday.

The source added that Prime Minister Benjamin Netanyahu, who has been cautious about Tehran’s peace proposals from the beginning, is said to have supported ‘a short campaign aimed at forcing Iran to make more concessions in the negotiations’.

Defense Secretary Pete Hegseth insisted Tuesday that the ceasefire remains in place even as he admitted that Iranian forces have attacked U.S. troops nearly a dozen times since the cessation of hostilities.

He told a briefing at the Pentagon: ‘The United States aims to protect shipping from Iranian aggression. The United States will not need to enter Iranian airspace or waters as part of the opening of the Strait of Hormuz. We are not looking for a fight. They said they checked the throat, but they don’t.’

His remarks came after Iran’s chief negotiator said just hours after the attacks on the waterway that Tehran had “not started” its battle to control the Bosphorus.

Chairman of the Joint Chiefs of Staff General Dan Caine said Iran had ‘attacked US forces more than 10 times’ since the ceasefire began last month.