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US and Iran near one page deal that could end war Axios reports
International
Published on 6 May 2026
A memo could pause enrichment while sanctions lift fast
The US and Iran are reportedly nearing a one-page memorandum aimed at de-escalating tensions and clearing the path for nuclear talks. The draft includes Iran halting nuclear enrichment, the US lifting sanctions and releasing frozen funds, and both sides easing Strait of Hormuz transit restrictions. Iran is expected to respond within 48 hours.
- Draft memo focuses on immediate de escalation steps
- Iran would pause nuclear enrichment under the proposal
- US would lift sanctions and release frozen funds
- Strait of Hormuz transit restrictions would be eased
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times