• Drones shot down: The US military said it downed multiple Iranian drones near the Strait of Hormuz after the White House signaled optimism about a prospective agreement.
• Questions remain: Tehran has also signaled that an agreement is close, with a foreign ministry spokesperson saying an “understanding has been reached on the majority of issues.” However, what Iranian officials have said about the terms of the potential agreement differ from US descriptions.
• What’s next: A signed memorandum of understanding would trigger 60 more days of “technical” negotiations, according to a US official. While sources said a signing ceremony could be held in Switzerland in the coming days, Iran’s…