US and Iran closing in on one-page memo to end war, Axios reports
- Posted on May 6, 2026
- By Business News Today
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- 1 min read
US and Iran closing in on one-page memo to end war, Axios reports
Washington is reportedly nearing a breakthrough with Tehran on a preliminary deal to de-escalate tensions and pave the way for nuclear talks. The proposed one-page memorandum of understanding includes Iran halting nuclear enrichment, the US lifting sanctions and releasing frozen funds, and both nations easing Strait of Hormuz transit restrictions. Iran's response is anticipated within 48 hours.
