US media: The US and Iran are close to reaching a memorandum of understanding to end the war.

CoinFeed reported on May 6 that, according to Axios, two US officials and sources familiar with the matter revealed that the White House believes it is close to reaching an agreement with Iran on a one-page memorandum of understanding to end the war and establish a framework for more detailed nuclear negotiations. The US expects to receive a response from Iran on several key issues within the next 48 hours. Sources say this is the closest the two sides have come to an agreement since the outbreak of the war. Under part of the agreement, Iran would commit to suspending uranium enrichment activities, while the US would agree to lift sanctions on Iran and release billions of dollars in frozen Iranian funds. The two sides would also lift restrictions on passage through the Strait of Hormuz. This one-page, 14-article memorandum of understanding is being negotiated by Trump's special envoys Witkov and Kushner with several Iranian officials through both direct contact and mediation.