Iran considers plan for presidents to sign nuclear deal

Iran's Foreign Ministry said on Wednesday that the signing of a memorandum of understanding (MOU) in Switzerland, scheduled for Friday, could potentially be attended by President Masoud Pezeshkian and Donald Trump. Earlier, Iran had indicated that Parliament Speaker Mohammad Bagher Ghalibaf would represent Tehran while US Vice President JD Vance would represent Washington.

Ministry spokesman Esmaeil Baghaei told reporters that "plans for the Swiss summit have not changed" and that "one of the ideas is for it to be done by the presidents of the two countries, which is currently being considered."

Speaking at the G7 summit in France, Trump said he expected the agreement to be signed "shortly," possibly on Thursday or Friday, after previous announcements that it would be signed on Friday.

Baghaei also stated that maritime traffic in the Strait of Hormuz would be restored to normal within a defined timeframe, insisting that outside powers would have no role. "This is our own task, and we alone will do it," he said. Iran will cooperate with Oman to develop a mechanism for managing the strait.

Under the MOU, Iran and the US agreed to negotiate a final agreement within 60 days, and the naval blockade must end within 30 days. A senior US official, speaking on condition of anonymity, said the MOU sets a new minimum threshold for downblending Iran's stock of highly enriched uranium and includes measures to safeguard Lebanon's territorial integrity. In exchange, Washington will waive some, but not all, sanctions on Iran once the agreement is signed.

The US-drafted text also guarantees toll-free transit through the Strait of Hormuz for 60 days, with the possibility of imposing transit fees later.