U.S. President Donald Trump./Courtesy of Reuters Yonhap

U.S. President Donald Trump said on the 29th (local time) regarding cease-fire talks with Iran that "we will hold a meeting in the (White House) Situation Room now to make a final decision."

Trump said on Truth Social that "Iran must agree that it will not possess nuclear weapons or a nuclear bomb," and stated accordingly.

The United States and Iran have held back-channel talks, and most of the content has reportedly been agreed upon, leaving only Trump's final approval. With Trump's post, there is talk that a memorandum of understanding (MOU) for ending hostilities between the United States and Iran could receive final approval.

The draft memorandum is said to include extending the cease-fire by 60 days and fully opening the Strait of Hormuz. U.S. media also reported that during the extended cease-fire period, the plan is to reach an agreement on Iran's denuclearization.

Trump said, "The Strait of Hormuz must be opened immediately without tolls to allow unrestricted two-way passage for vessels," adding, "We have cleared numerous mines with mine countermeasure ships, and Iran must immediately remove or detonate the remaining mines."

He went on to say that 400 kilograms of Iran's 60% highly enriched uranium is buried deep underground due to U.S. bombing of Iran's nuclear facilities, and "it will be excavated and destroyed by the United States in close cooperation between Iran and the International Atomic Energy Agency (IAEA)."

Trump added that "there will be no monetary transactions until further notice," signaling that Iran's frozen assets are unlikely to be released immediately.

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