A “memorandum of understanding” between the two sides is under discussion. Both sides are keen to frame it as a victory.

Iran’s top negotiator issued a warning Thursday after President Trump re-upped threats to strike the country and seize Kharg Island, a key hub for Iran’s oil exports. “Wrong strategies and impulsive decisions will reset the entire board for the worse, explode energy infrastructure and markets and create an endless quagmire that you will be stuck in…

Iran’s top negotiator issued a warning Thursday after President Trump re-upped threats to strike the country and seize Kharg Island, a key hub for Iran’s oil exports. “Wrong strategies and impulsive decisions will reset the entire board for the worse, explode energy infrastructure and markets and create an endless quagmire that you will be stuck in…