The United States and Iran are reportedly close to signing a peace memorandum, potentially as early as Sunday in Geneva. A source familiar with the negotiations indicates the agreement’s wording is still being finalized. A key sticking point remains Iran’s insistence that the deal include a cessation of hostilities in Lebanon. While progress has been made, this condition continues to be a central demand from the Iranian side. The memorandum’s potential signing would represent a significant, though preliminary, step towards de-escalation between the two nations. Further details regarding the scope and specific terms of the agreement remain limited at this time. The outcome hinges on resolving the Lebanon conflict component to satisfy Iranian demands.