Pakistan-mediated one-page memo aims for ceasefire, Strait of Hormuz reopening and phased sanctions relief.
Some officials say announcement possible within hours with army chief visit planned.
Iranian sources deny final draft claims calling nuclear demands a permanent deadlock.
Sticking points center on uranium stockpile, enrichment curbs and no tolls on the strait.
Trump says he is in no hurry but keeps military options on table.
Secretary of State Marco Rubio notes incremental gains amid conflicting signals.
Oil prices and grocery bills hanging on every update from these talks.
RUBIO STATED, "WE'RE NOT THERE YET" REGARDING THE IRAN DEAL.
— First Squawk (@FirstSquawk) May 22, 2026
BREAKING: Secretary Marco Rubio says NATO allies are beginning to think through a worst-case scenario if Iran refuses to open the Strait of Hormuz:
"We all would love to see an agreement with Iran in which the Straits are open and they abandon their nuclear ambitions and so… pic.twitter.com/jQvHZd8rLv
— Fox News (@FoxNews) May 22, 2026
🚨 MASSIVE BREAKING: 🇮🇷 Iran is reportedly moving a huge wave of military assets across the region as tensions with the 🇺🇸 United States continue to escalate pic.twitter.com/uhM9zezAQn
— Iran Flash News (@FlashWireNews) May 22, 2026
SENIOR IRANIAN SOURCE: IRAN'S URANIUM ENRICHMENT AND ITS CONTROL OVER STRAIT OF HORMUZ REMAIN AMONG STICKING POINTS
— *Walter Bloomberg (@DeItaone) May 21, 2026