US, Iran near deal on war ceasefire, nuclear talks framework: report

The United States and Iran are nearing a final agreement on a one-page memorandum of understanding to end the war between the two countries and establish a framework for future nuclear negotiations, potentially addressing disruptions to global energy supplies caused by the closure of the Strait of Hormuz. The proposed agreement would include Iran’s temporary halt on nuclear enrichment, the US’s lifting of sanctions, and the release of frozen Iranian funds. Failure to reach an agreement could see the US reinstate the blockade or resume military action.