U.S. and Iran closing in on one-page memo to end war: Axios
The proposed memorandum would trigger 30 days of talks on reopening the Strait of Hormuz, curbing Iran’s nuclear program and easing sanctions.
- On Wednesday, the White House neared a potential agreement with Iran to end the conflict and establish a framework for nuclear negotiations, Axios reported, citing two U.S. officials and two other sources briefed on the issue.
- The dollar's decline erases gains since the Middle East war began, as optimism over a potential resolution saps demand for haven assets and weighs on global energy markets.
- Iran would halt nuclear enrichment under the proposed memorandum in exchange for lifted sanctions and released frozen assets, while easing transit restrictions through the Strait of Hormuz.
- The Bloomberg Dollar Spot Index fell to its lowest level since Feb. 26, while Brent crude oil futures declined 7% to $102 a barrel, the lowest in almost two weeks.
- Neither the State Department nor the White House has officially confirmed the report, which anticipates Iranian responses to key points within the next 48 hours.
116 Articles
116 Articles
According to Axios, the basis for the latest round of talks is a 14-point memorandum of understanding negotiated between President Donald Trump's envoys, Steve Witkoff and Jared Kushner, and several Iranian officials. In its current form, the memorandum would declare an end to the war in the Middle East and the start of a 30-day negotiation period on a detailed agreement regarding the opening of the Strait of Hormuz, curbs on Iran's nuclear prog…
Iran is reviewing new US proposal after sources say sides closing in on deal
ISLAMABAD/WASHINGTON/TEL AVIV — Iran said Wednesday it was reviewing a new U.S. proposal, after sources said Washington and Tehran were closing in on a one-page memorandum to end the war in the gulf while leaving tricky issues such as Iran’s nuclear program for later. An Iranian foreign ministry spokesperson, cited by Iran’s ISNA news agency, said Iran would convey its response soon via Pakistan, which hosted the war’s only peace talks and has s…
US and Iran Edge Toward Fragile Truce as Tehran’s Nuclear Ambitions Loom Large
As the dust settles from months of direct confrontation between the United States and the Islamic Republic of Iran, reports indicate negotiators are closing in on a one-page memorandum designed to formally end active hostilities. This development comes after a costly war that began with joint U.S.-Israeli strikes on Iranian targets earlier this year, escalated through proxy attacks, and choked global energy supplies via disruptions in the Strait…
Axios: 'Near a 14-point memorandum, expected an Iranian response in 48 hours'. Tycoon stops Project Freedom (ANSA)
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