US President Donald Trump in the Oval Office of the White House in Washington, DC. (May 5, 2026)
US, Iran nearing deal to end war: Axios
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The United States and Iran are nearing an agreement to end the war, according to sources cited by Axios.
The agreement would be in the form of a one-page 14-point Memorandum of Understanding (MoU) and a framework for more detailed nuclear negotiations, the report added.
The US expects a response by Iran in the next 48 hours.
The deal would involve Iran committing to a moratorium on nuclear enrichment, with the US agreeing to lift its sanctions and release billions in frozen Iranian funds,
Both sides would agree to lift restrictions placed on the Strait of Hormuz.
“Many of the terms laid out in the memo would be contingent on a final agreement being reached, leaving the possibility of renewed war or an extended limbo in which the hot war has stopped but nothing is truly resolved,” the report said.
Some US officials are still skeptical that an initial deal can be reached, as the Iranian leadership is divided.
The MoU would end the war and start a 30-day period of further negotiations either in Islamabad or Geneva.
Tehran proposed a 5-year suspension on uranium enrichment and Washington demanded 20; the final number -if reached- would be 12 years or 15.
An official cited by Axios also said that Iran would agree to remove its enriched uranium from the country, a US demand vehemently rejected by Tehran up to now.
