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U.S. and Iran closing in on one-page memo to end war: Axios
Brent and West Texas Intermediate fell as traders bet Iranian supply could return and U.S. crude inventories dropped 8.1 million barrels, sources said.
- On Wednesday, May 6, 2026, Axios reported that the White House is nearing a breakthrough with Tehran on a one-page "Memorandum of Understanding" designed to formally end the war and establish a framework for long-term peace.
- The proposed 14-point document, negotiated by Mideast envoy Steve Witkoff and Jared Kushner, would declare an immediate end to regional hostilities and trigger a 30-day "intensive negotiation period" to finalize technical details on nuclear enrichment and sanctions relief.
- Under the draft terms, Iran would commit to a 15-year moratorium on nuclear enrichment and grant UN inspectors "snap" access to its facilities, while the U.S. would agree to release billions in frozen Iranian assets and gradually lift the naval blockade that has crippled Iran's economy since April.
- The deal hinges on a "dual lifting" of restrictions in the Strait of Hormuz; the U.S. would end its blockade of Iranian ports in exchange for Tehran permanently halting its attacks on commercial tankers and allowing for the free flow of global energy through the waterway.
- President Trump has already signaled his support by pausing "Project Freedom"—the military mission to escort ships through the strait—to create "breathing room" for the deal.
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US & Iran close to agreeing to 1-page memo to end war: Report
The White House reportedly believes it is close to finalising a one-page memorandum of understanding (MoU) with Iran to end the war and set a framework for further detailed negotiations for the nuclear programme.
·Mumbai, India
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US and Iran closing in on one-page memo to end war, Axios reports
The White House believes it is getting close to an agreement with Iran on a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations, Axios reported on Wednesday, citing two U.S. officials and two other sources briefed on the issue.
·United Kingdom
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Total News Sources18
Leaning Left6Leaning Right3Center4Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 31%
R 23%
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