US, Iran Near One-Page Deal to End Conflict: Report

Washington (TDI): The White House believes it is close to reaching an initial agreement with Iran on a brief memorandum aimed at ending the ongoing conflict and paving the way for broader nuclear negotiations, according to a report by Axios.

Citing US officials and sources familiar with the matter, the report said both sides are working on a one-page memorandum of understanding that could serve as a framework for future talks. Washington is expecting Tehran’s response on key issues within the next 48 hours.

While no final agreement has been reached, the report described the current moment as the closest the two sides have come to a deal since the conflict began.

According to the proposed outline, Iran could agree to pause nuclear enrichment activities, while the United States may ease sanctions and release billions of dollars in frozen Iranian assets. The framework could also include steps by both sides to ease restrictions on transit through the Strait of Hormuz.

However, the details have not been independently verified, and there has been no immediate official confirmation from US authorities.

The reported progress comes at a time when tensions in the Gulf region remain high, with recent incidents involving commercial shipping and military posturing raising concerns about a broader escalation. The Strait of Hormuz, a key artery for global energy supplies, continues to be at the centre of the standoff.

Diplomatic efforts by regional and international stakeholders have intensified in recent weeks, with multiple countries, including Pakistan, urging restraint and a return to negotiations. The potential agreement is being viewed as an important step toward de-escalation if both sides can reach common ground.

Analysts say even a preliminary understanding could help stabilise global markets and reduce uncertainty, particularly in the energy sector, though much will depend on how quickly and effectively a comprehensive deal can be finalised.