According to two sources familiar with the discussion, ministers were told that Iran's economy had deteriorated sharply under the US-led naval blockade of the Strait of Hormuz.

US-Iran deal reopens the Strait of Hormuz, tests fragile regional balance and leaves Israel outside talks, raising questions over whether the ceasefire can last.

Some Israelis indicated that, with the MoU, which is set to be officially signed in Switzerland on Friday, they saw an emerging rift between the US and Israel.