US, Iran nearing on a memo to declare end of war: media report
Key takeaways
- The US expects Iranian response on several key points during the next 48 hours.
- The deal would involve Iran committing to a moratorium on nuclear enrichment, the U.S.
- Many of the terms laid out in the memo would be contingent on a final agreement being reached.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize WASHINGTON: The United States and Iran getting close to a deal on a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations, Axios reported citing two U.S. officials and other sources.
The US expects Iranian response on several key points during the next 48 hours. The sources said this was the closest the parties had been to an agreement since the war began.
The deal would involve Iran committing to a moratorium on nuclear enrichment, the U.S. agreeing to lift its sanctions and release billions in frozen Iranian funds, and both sides lifting restrictions around transit through the Strait of Hormuz.