Canadian Prime Minister Mark Carney has thrown his weight behind a memorandum of understanding between the US and Iran, describing it as a “well-structured” and “positive” agreement. The endorsement, delivered during the G7 summit in France, suggests growing consensus among Western leaders that the deal could meaningfully reshape the geopolitical landscape in the Middle East.

Here’s the thing: the formal text of the MoU still hasn’t been released to the public. Carney confirmed he had reviewed the terms himself, but the rest of us are working with broad strokes rather than fine print.

What’s actually in the deal

Based on what’s been disclosed, the MoU centers on several ambitious provisions. A proposed 60-day ceasefire sits at the core of the agreement, aimed at de-escalating a region that’s been running hot for months.

Beyond the ceasefire, the deal reportedly includes measures designed to halt Iran’s nuclear weapon ambitions. That alone would make it one of the most consequential diplomatic frameworks since the original JCPOA was signed back in 2015.