Firstly, the agreement is not really a ‘deal’ at all, or even a deal to have a deal, but rather a memorandum of understanding staking out a framework to discuss a deal over the next 60 days.

What appears to be emerging now is a rough outline and high-level explanation of the concepts that an eventual deal could include.

The prospect of a breakthrough agreement between the United States and Iran appears closer than at any point since the conflict erupted earlier this year. Yet as officials on both…