US-Iran peace memorandum could be signed on Sunday in Geneva, source says

A senior Iranian source told Reuters on Friday that the draft would waive sanctions on Iran’s oil, unfreeze billions of dollars of its funds, and require a cessation of hostilities on all fronts, including in Lebanon.

A memorandum between the United States and Iran to halt the war in ​the Gulf could be signed as soon as Sunday, a Western source told Reuters on Friday, with Geneva emerging as the likeliest venue.