US, Iran closing in on one-page memo to end over two-month-long war, reports Axios

The United States and Iran are nearing an agreement on a one-page memorandum to end the war in the Strait of Hormuz. According to recent Axios reports, the agreement would include Iran committing to a moratorium on nuclear enrichment, the US lifting sanctions, and the release of frozen Iranian funds, leading to a plunge in oil prices and a rise in global stock markets. President Trump paused ‘Project Freedom’ but signaled optimism regarding the possibility of an agreement.