US-Iran near agreement on one-page MoU to end war; key memo details

As of May 6, 2026, Iran stated it was reviewing a new US proposal. The memo under discussion would be a one-page document aiming to end hostilities, with a 30-day window for negotiations on opening the Strait of Hormuz, limiting Iran's nuclear program, and lifting US sanctions. Terms under active negotiation include the duration of Iran's uranium enrichment moratorium (reported as 12, 15, or 20 years by different officials), a provision allowing for automatic extension if violated, post-moratorium enrichment at 3.67%, snap inspections by United Nations officials, and potential sanctions relief. The memo would be followed by further negotiations to reach a final agreement, though there are doubts about reaching initial consensus due to divisions within Iran's leadership. The information is reported by Axios, and Iran is described as reviewing the proposal at the time.

The article notes that a fragile ceasefire was agreed upon on April 8 and was later extended by US President Donald Trump.

According to the article, the United States and Israel began attacks on Iran on February 28, triggering retaliatory strikes by Tehran against other West Asian countries.