Multiple outlets report that the United States and Iran are nearing agreement on a one-page memorandum of understanding aimed at ending the ongoing conflict in the Middle East and setting terms for subsequent negotiations. The reports, citing sources familiar with the matter and U.S. officials, describe the memorandum as a preliminary framework rather than a fully finalized deal. Axios and Reuters reporting state that the White House believes it is close to reaching the document, and that it is awaiting Iranian responses on several key points within the next 48 hours. Several sources stress that nothing has been agreed yet.

Under the reported proposal, the memorandum would be intended to formally end the war, with follow-on talks covering issues such as transit through the Strait of Hormuz and U.S. sanctions relief for Iran. The document is also expected to provide a basis for more detailed negotiations related to Iran’s nuclear program, including a pathway to discussions on Iran’s nuclear activities. Separate reporting notes that U.S. President Donald Trump has indicated the war could end if Iran agrees to terms previously “agreed to,” without providing further specifics.