US, Iran near deal to end conflict: Axios

Thursday, 7 May 2026 06:26 - - {{hitsCtrl.values.hits}}

The United States and Iran are close to reaching a temporary agreement aimed at ending the regional conflict and reopening transit through the Strait of Hormuz, Axios reported yesterday, citing US officials and sources briefed on the negotiations.

According to the report, the proposed understanding would take the form of a one-page, 14-point memorandum establishing a framework for broader nuclear and security negotiations between the two sides.

Axios said the White House expects responses from Iran on several outstanding issues within the next 48 hours, although officials cautioned that no final agreement has yet been reached.

The proposed arrangement would reportedly include Iran agreeing to a temporary moratorium on uranium enrichment, while the United States would ease sanctions and release billions of dollars in frozen Iranian funds.

The memorandum would also lay the groundwork for reopening transit through the Strait of Hormuz, which has remained heavily disrupted amid the regional conflict and heightened naval tensions.

According to Axios, the agreement would declare an end to the conflict and establish a 30-day negotiation period focused on a more detailed accord covering maritime access, Iran’s nuclear program, and sanctions relief.

Restrictions imposed by Iran on shipping through the strait, along with the US naval blockade, would reportedly be gradually lifted during that period.

Axios said the negotiations were being conducted by US envoys Steve Witkoff and Jared Kushner together with Iranian officials, both directly and through mediators.

One US official cited in the report said Washington would retain the option of restoring the blockade or resuming military action if negotiations collapsed.

Iran earlier yesterday said it would only accept what it described as a “fair” peace agreement following US President Donald Trump pausing a naval mission aimed at reopening the Strait of Hormuz.

Reuters said it was unable to independently verify the Axios report, while the White House and U.S. State Department had not immediately commented.