Washington close to Iran deal to end war: Axios

US–Iran Deal Near? Washington Awaits Tehran’s Response on Strait of Hormuz Ceasefire Plan

Washington believes it is nearing a potential agreement with Tehran to reopen the Strait of Hormuz and bring an end to the ongoing conflict, according to a Wednesday report by Axios citing two US officials.

The report states that both sides are close to finalizing a brief “one-page memorandum of understanding” aimed at ending the war while establishing a framework for more detailed nuclear negotiations.

Under the proposed arrangement, Iran would agree to temporarily halt its nuclear enrichment activities, while the United States would release billions of dollars in frozen Iranian assets. Washington is currently waiting for Tehran’s response on several critical points, expected within the next 48 hours.

Although no formal agreement has been reached yet, sources indicated that this is the closest the two sides have come to a deal since the conflict began.

US President Donald Trump has repeatedly suggested that an agreement is within reach, though previous efforts have not resulted in a breakthrough. Earlier this week, Trump launched “Project Freedom” to assist ships navigating the strait, but the operation was halted after just one day following requests from mediators, including Pakistan. He stated that “significant progress” had been made toward a final agreement with Iran.

According to Axios, the proposed 14-point memorandum is being negotiated by US envoys Steve Witkoff and Jared Kushner, in coordination with Iranian officials through both direct and mediated channels.

In its current draft, the agreement would declare an end to hostilities and initiate a 30-day negotiation period aimed at reaching a comprehensive deal. This would include reopening the strait, placing limits on Iran’s nuclear programme, and easing US sanctions.

However, efforts to restore normal shipping activity have so far struggled, with continued attacks reported in the region. In a recent incident, a French shipping company confirmed that one of its container vessels was struck in the strait, with injured crew members evacuated.

Iran had previously presented its own 14-point proposal, suggesting that nuclear discussions be postponed until after the war and shipping issues were resolved.

Speaking during a visit to China, Iran’s Foreign Minister Abbas Araqchi did not directly address Trump’s latest remarks but emphasized that Tehran remains committed to achieving a “fair and comprehensive agreement.”