Iran Memo Expected Within 48 Hours. The Off-Ramp Is Real.

The White House expects a response from Tehran within 48 hours on the agreement points to end the current war. This is the closest the parties have come to resolving the conflict since hostilities began. The off-ramp matters more than the framing it gets. We will judge this deal on what it does to the actual security architecture, not on whose side wins the press conference.