Trump’s Iran deal: A victory lap before the victory

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- Trump administration signed a 14-point MoU with Iran that halts the shooting war, reopens the Strait of Hormuz, lifts the naval blockade, and stops bombing on all sides.
- The MoU was negotiated through Washington, Pakistani mediators, Geneva, and Versailles — but not Israel, which supplied the intelligence and targeting for the February strikes on Iran that began the war.
- The deal's sequencing front-loads asset unfreezing "in light of progress of negotiations" while pushing verification to a final agreement 60 days away, extendable by mutual consent.
- A $300 billion reconstruction fund is included in the deal, defended on the technicality that Washington won't write the cheque — a figure the source calls unthinkable from this White House in any other context.
- Iran's nuclear commitment to not "procure or develop" nuclear weapons leaves enriched-uranium disposition vague, with dilution "on-site" rather than removal and enrichment rights deferred to the future.
- Israel is asked to accept a Lebanon clause ending fighting "on all fronts" that conflicts with its refusal to withdraw from border areas it considers essential to security.
Why it matters: Israel is being asked to treat as binding a document it didn't help draft, while a 60-day verification window gives Iran upfront relief with proof deferred — the same sequencing this administration once slammed in the Obama-era deal. The $300bn reconstruction fund reproduces the cash-flood pattern, but Israel has no seat at the table.
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