| 1 page to end the war |
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| Photo illustration: Sarah Grillo/Axios. Photos: Getty Images |
| Stocks futures surged and oil prices fell in response to this exclusive reporting by Axios Middle East expert Barak Ravid: The White House believes it’s close to an agreement with Iran on a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations, according to two U.S. officials and two other sources briefed on the issue. The U.S. expects Iranian responses on several key points in the next 48 hours. Nothing has been agreed yet, but the sources said this was the closest the parties had been to an agreement since the war began. Among other provisions, the deal would have Iran commit to a moratorium on nuclear enrichment, the U.S. lift sanctions and release billions in frozen Iranian funds, and both sides end restrictions on transit through the Strait of Hormuz. Many of the terms would be contingent on a final agreement, leaving open the possibility of renewed war or an extended limbo in which the hot war has stopped but nothing is truly resolved. Reality check: The White House believes the Iranian leadership is divided, and it may be hard to forge a consensus across factions. Some U.S. officials remain skeptical that even an initial deal will be reached. But the two U.S. officials said President Trump’s decision to back off his newly announced operation in the Strait of Hormuz and avoid a collapse of the fragile ceasefire was based on progress in the talks. Behind the scenes: The one-page, 14-point memorandum of understanding is being negotiated between Trump’s envoys Steve Witkoff and Jared Kushner and several Iranian officials, both directly and through mediators.More details. |
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