U.S. and Iran closing in on memo to end war

The U.S. and Iran are reportedly close to agreeing on a one-page memorandum of understanding aimed at ending the current conflict and creating a framework for broader nuclear negotiations

MEMORANDUM OF UNDERSTANDING – KEY PROVISIONS –

End of war and start of 30-day negotiations on broader agreement, with talks in Islamabad or Geneva

Restoration of transit through Strait of Hormuz during negotiation period

U.S. to gradually lift sanctions and release billions in frozen Iranian funds

Iran to accept moratorium on uranium enrichment. Duration still under negotiation, with discussions ranging from 12-15 years. Iran could resume enrichment at civilian-use level of 3.67% after moratorium expires

PROPOSED IRANIAN COMMITMENTS

Never seek nuclear weapon

No weaponization-related nuclear activities

Closure of underground nuclear facilities

Enhanced inspections regime, including surprise UN inspections

Sources: Axios, Reuters
Pictures: Newscom, Getty Images
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