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The Economic Times

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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.

6 May 2026 2:36 pm