The draft agreement between the United States and Iran, stemming from a short “memorandum of understanding” (MoU), is proving complex and contentious. Key points include a 60-day negotiation period to address Iran’s nuclear program, particularly the issue of highly enriched uranium, alongside demands for the Strait of Hormuz to reopen, the lifting of sanctions on Iranian assets, and a commitment from Iran to not develop a nuclear weapon. However, significant disagreements remain, fueled by distrust and conflicting priorities. Trump’s insistence on “red lines,” including a permanent suspension of uranium enrichment, and his demands regarding the Strait of Hormuz and Iranian assets, are creating obstacles. Iran, in turn, is pushing for the immediate end of the US naval blockade and the release of frozen funds, while also seeking to address regional conflicts like the situation in Lebanon. The process is heavily reliant on sequencing and careful wording, with both sides interpreting the MoU’s terms differently, and the overall agreement remains uncertain due to these fundamental disagreements.