US and Iran closing in on one-page memo to end war as talks progress: Report

The United States and Iran are reportedly nearing an agreement to end the ongoing conflict and restart diplomatic engagement. A draft framework, structured as a one-page memorandum of understanding, outlines immediate steps to halt hostilities and open a 30-day window for negotiations. President Trump paused ‘Project Freedom’ and shifted to a defensive posture in the Strait of Hormuz, signaling a potential de-escalation.