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

  • 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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Lean Left

Oil prices are falling today and stock indexes are rising around the world on hopes that the US and Iran are moving closer to an agreement that will allow ships carrying crude oil from the Persian Gulf to pass through the Strait of Hormuz.

·Belgrade, Serbia
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Lean Left

Sanctions, uranium, Hormuz Strait and UN controls. These are some of the fundamental passages contained in the Memorandum of Understanding to put an end to the war with Iran and lay a basis for more in-depth negotiations on nuclear. The one-page document for 14 points was revealed by Axios, and is the result, according to the headline, of the work of US envoys Steve Witkoff and Jared Kushner together with Iranian interlocutors. The United States…

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