U.S.-Iran Nears Breakthrough On Nuclear Talks & War Ceasefire

The White House is reportedly close to a one-page memorandum with Iran to end the war and initiate nuclear negotiations. The proposed agreement involves Iran halting nuclear activities and the U.S. lifting sanctions, leading to detailed discussions on regional peace and transit freedoms through the Strait of Hormuz.

The White House is nearing an agreement with Iran for a memorandum of understanding to end the war and set the stage for nuclear negotiations, Axios reported Wednesday, citing multiple sources. The arrangement would mark the closest the two parties have come to resolving conflicts since the war started.

Key components of the proposed agreement include Iran's commitment to halt nuclear enrichment and the U.S.' decision to lift sanctions and unlock billions of dollars in frozen Iranian funds. It also includes easing transit restrictions through the Strait of Hormuz, Axios highlighted.

Negotiated by U.S. envoys Steve Witkoff and Jared Kushner, the memorandum aims to declare an end to regional war and initiate a 30-day negotiation window for a comprehensive agreement. The U.S. and Iran plan to progressively lift restrictions on Strait transit. Any negotiation breakdown could see the resumption of U.S. military actions, warned a U.S. official.