Watch CNBC's full interview with Special Envoy for Peace Missions Steve Witkoff

Ceasefire and Objectives - A 12-day war achieved objectives for both the US and Israel, leading to a ceasefire to prevent an endless conflict [3] - The administration hopes for a comprehensive peace agreement with Iran, encouraged by ongoing conversations and multiple outreach efforts [4][5] - Expanding the Abraham Accords is a key objective, with potential announcements of new countries joining, aiming for broader normalization and regional stability [7] Nuclear Program and Red Lines - Preventing Iran from nuclear enrichment and weaponization remains a firm red line, crucial for regional stability [8][9] - US intelligence agencies contradict claims of minimal impact from previous strikes, asserting significant damage to Iran's weaponization and enrichment capabilities [10] - Key Iranian nuclear sites, including Fordow and Esfahan, were targeted, significantly impairing their nuclear program [11][12] - Discussions with Iran focus on rebuilding a civil nuclear program without enrichment capabilities, similar to the UAE model, with robust observation [13][14] Economic and Regional Impact - Lifting some sanctions on Iranian crude oil shipments to China signals a desire for cooperation and a more prosperous Iran [16][17][18] - A peace agreement in the GCC region could lead to a renaissance and upward movement in asset classes by reducing war risk and attracting senior credit [20][21][22] - The administration believes its approach to the Iran conflict, achieving objectives efficiently, can inspire similar peaceful resolutions in the Russia-Ukraine war [23][24][25]