US, Iran close to ‘one page’ memorandum to end conflict with framework for future nuclear talks - report

A report indicates that the US and Iran are nearing a ‘one page’ agreement to end the conflict and establish a framework for future nuclear talks. This agreement would gradually phase out the current naval blockade and Iranian shipping restrictions in the Strait of Hormuz, and aims for a 12-15 year long-term freeze on Iran’s nuclear development. In exchange, the US promises the gradual release of frozen assets and the systematic lifting of economic sanctions.