The United States and Iran are reportedly nearing a preliminary agreement aimed at ending the ongoing conflict, with discussions focused on a concise one-page memorandum of understanding that would lay the groundwork for broader nuclear negotiations. According to a report by Axios, citing US officials and sources familiar with the talks, both sides are closer to a deal than at any point since the conflict began.

The report indicates that Washington is awaiting responses from Tehran on several critical issues within the next 48 hours. While no formal agreement has been finalised, officials view the current stage of discussions as a significant breakthrough in efforts to de-escalate tensions and move toward a diplomatic resolution.

Key provisions under discussion reportedly include a commitment from Iran to impose a moratorium on nuclear enrichment activities. In return, the United States could consider lifting certain economic sanctions and facilitating the release of billions of dollars in Iranian funds that have been frozen under existing restrictions.

Also Read: Rubio Says US Offensive Phase Of Iran Operation Has Concluded

The proposed framework may also address maritime concerns, including easing restrictions around transit through the strategically important Strait of Hormuz. Any such agreement would aim to reduce regional tensions and ensure smoother global energy supply routes, which have been impacted by the conflict.

Despite the reported progress, there has been no official confirmation from either side. The US State Department and the White House have not responded to media queries, and independent verification of the details remains pending. Officials have cautioned that negotiations are ongoing and subject to change.

If finalised, the memorandum would represent an initial step toward a more comprehensive agreement, potentially reopening diplomatic channels and setting the stage for detailed negotiations on nuclear policy, sanctions relief, and broader regional security issues.

Also Read: Hegseth Questioned on Trump's Mental Stability During Capitol Hill Armed Services Hearing