US-Iran peace memorandum could be signed on Sunday in Geneva, source says (opens original article in a new tab)

A potential US-Iran peace memorandum could be signed in Geneva, aiming to end hostilities in the Gulf and Lebanon with waived sanctions and ceasefire terms, though Israel is excluded from the agreement.

• US and Iran may sign a peace memorandum in Geneva as early as Sunday
• The memorandum aims to halt hostilities in the Gulf and Lebanon with waived sanctions and ceasefire terms
• Iran demands US withdrawal and economic reconstruction plans as part of the deal
• Israel is not part of the agreement and may face challenges accepting ceasefire terms in Lebanon