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U.S. and Iran closing in on one-page memo to end war: Axios

The memo would start a 30-day negotiation period and includes a moratorium on uranium enrichment, sanctions relief and gradual reopening of the Strait of Hormuz.

  • 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.
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91 Articles

Lean Right

The biggest dispute between the US and Iran is over the timeframe for halting the nuclear program. Iran is reportedly offering a five-year moratorium, while the US wants a 20-year moratorium. Efforts are underway to find a middle ground.

Lean Right

Unnamed officials tell Axios that the White House believes it is close to an agreement that could end the war.

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Bias Distribution

  • 43% of the sources lean Right
43% Right

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Western Morning News broke the news in Somerset, United Kingdom on Tuesday, May 5, 2026.
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