The U.S. and Iran are close to a deal to end the war – Axios.

Axios reports that the two sides are discussing a one-page memorandum that could become the framework for ending the war and launching more detailed negotiations. No final agreement has been reached yet, but the U.S. expects Iran’s response within the next 48 hours.

🟠 The memo could include an Iranian moratorium on uranium enrichment.
🟠 In return, the U.S. could move toward partial sanctions relief and the release of billions of dollars in frozen Iranian assets.
🟠The two sides are also discussing lifting restrictions around transit through the Strait of Hormuz.
🟠 At the same time, many of the terms would still depend on a later and more detailed agreement, so the risk of renewed escalation has not disappeared.

For the market, this is a big moment: if the sides really move toward a deal, the main geopolitical driver of recent weeks could start easing. But for now, this is still not the finish line, only the closest point to an agreement since the war began.

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