The United States is reportedly moving closer to a one-page memorandum of understanding with Iran aimed at ending the ongoing conflict and setting the stage for detailed nuclear negotiations. According to Axios, the proposed agreement includes a moratorium on nuclear enrichment by Iran, in exchange for the lifting of sanctions and the release of billions of dollars in frozen Iranian assets. Additionally, both nations would ease restrictions on transit through the Strait of Hormuz, a vital route for global oil supplies. The memorandum, being negotiated by US envoys Steve Witkoff and Jared Kushner, would initiate a 30-day negotiation period focused on these issues. However, Iranian officials have expressed skepticism about the proposal, with some labeling it as an American wish-list rather than a feasible agreement. US President Donald Trump has indicated optimism about reaching a deal, noting that Iran appears eager to negotiate. As negotiations progress, a response from Iran is anticipated within the next 48 hours.