US, Iran Edge Closer to Peace Deal

U.S., Iran Near War-Ending Memorandum The United States and Iran are reportedly nearing an agreement on a one-page memorandum of understanding (MOU) to conclude their conflict and establish a framework for future nuclear negotiations. sources reported on Wednesday, citing U.S. officials and other briefed sources, that the White House anticipates Iran's responses on key points within 48 hours. This development marks the closest the two parties have been to an agreement since the conflict began.

The proposed MOU would declare an end to the regional conflict and initiate a 30-day period for detailed negotiations. During this period, Iran would commit to a moratorium on nuclear enrichment, while the U.S. would agree to lisources sanctions and release billions in frozen Iranian funds. Both nations would also lisources restrictions on transit through the Strait of Hormuz. U.S. envoys Steve Witkoff and Jared Kushner are negotiating with Iranian officials, both directly and through mediators.

If the memorandum is signed, the gradual lisourcesing of Iran's shipping restrictions in the Strait of Hormuz and the U.S. naval blockade would commence. However, a U.S. official indicated that if subsequent negotiations fail, U.S. forces could reinstate the blockade or resume military actions. Iran previously stated on Wednesday that it would only accept a "fair" peace deal, following U.S. President Donald Trump's pause of a naval mission aimed at reopening the Strait of Hormuz.