President Trump hosted the 12th Cabinet meeting of his second term Wednesday. It’s the second such meeting since the Iran war began, and a deal to end that conflict is in limbo. Secretary of State Marco Rubio during the meeting did not offer new details on peace negotiations with Iran,

Hopes for an imminent end to the conflict faded on Tuesday after the U.S. Central Command said it had carried ​out fresh strikes designed "to protect our troops from threats posed by Iranian forces."

The potential memorandum of understanding contains 14 points and is focused on ending the war and the U.S. naval blockade of the Strait ​of Hormuz, in exchange for Iran taking steps to ensure safe tra...