For months Honduras has faced a political crisis. In June, its president, Manuel Zelaya, attempted to subvert the country's constitution and was removed from office. He has since pushed to return to power, called the current president—Robert Micheletti—illegitimate, and has cast a shadow over presidential elections to be held at the end of this month.

On Oct. 30, it appeared the crisis might come to a close when representatives of Mr. Zelaya signed an agreement with representatives of Mr. Micheletti to create a reconciliation...