Senior US official reads out formal text of Iran MoU; see Iran in advance of signing ceasing efforts to cut off traffic in Strait of Hormuz

Iran is stating that it will destroy enriched uranium stockpile and how it will be done. If get to a final deal and if the Iranians behave, will permit sanctions relief. Iran is agreeing, at a minimum, to destroy its enriched uranium stockpile through down blending. Sequencing of agreed upon steps will be a significant topic of forthcoming talks with Iran. After the nuclear issue, will discuss the funding of proxies. Meeting this weekend in Switzerland will be “critical” for seeing how talks with Iran advance. Will do some things to build trust and see if we can pull off a deal. Netanyahu has not asked us for a copy of MoU. If aren’t able to make a deal, Trump is not afraid to use tools at his disposal. Had very constant contact with Israel. MoU has been signed but either side can walk away until a binding deal is in place.