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Iran Says It Is Reviewing New US Proposal to End War
Iran is reviewing a U.S. memorandum that would reopen the Strait of Hormuz, ease sanctions and start 30 days of detailed negotiations, sources said.
- Iran is evaluating a U.S. proposal to end the almost 10-week war, according to sources, after Axios reported Wednesday on a potential one-page memorandum mediated by Pakistan.
- President Donald Trump paused 'Project Freedom,' a naval mission to guide ships through the blocked Hormuz Strait, citing 'great progress' in negotiations as the blockade pushed U.S. gasoline prices above $4.50.
- The proposed memorandum outlines a 30-day period for gradually reopening the Hormuz Strait and lifting U.S. sanctions, with parties negotiating a moratorium on uranium enrichment of at least 12 years.
- Global oil prices plunged more than 10% to around $98 a barrel Wednesday on the news, while Iranian officials rejected the proposal as 'excessive and unrealistic,' and Secretary of State Marco Rubio called the situation 'highly complex and technical.'
- Trump warned that if negotiations fail, 'the bombing starts' at higher intensity, while Foreign Minister Wang urged continued talks at a Beijing meeting, and Trump is scheduled to discuss the conflict with President Xi Jinping on May 14.
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According to the Iranian news agency Isna, Iran will examine the US proposal.
·Zürich, Switzerland
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GMA Filipino NewsReposted by 
Business Recorder
Business RecorderIran says it is reviewing new US proposal after sources say sides closing in on deal
Iran said it was reviewing a new US proposal, after sources said the two countries were closing in on a memorandum to end the war while leaving issues such as Iran's nuclear program for later.
·Quezon City, Philippines (the)
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Coverage Details
Total News Sources24
Leaning Left8Leaning Right6Center4Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
45% Left
L 45%
C 22%
R 33%
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