US and Iran Near 'One-Page Memo' Framework to End War

US and Iranian negotiators were reported to be 'getting close' to agreement on a one-page memorandum of understanding to formally end the US-Iran conflict. According to sources cited by Axios, the emerging framework discussed a 12-year halt on Iranian uranium enrichment, substantial sanctions relief, and reopening of the Strait of Hormuz to commercial traffic within 30 days. Trump had paused the US Navy's 'Project Freedom' escort operation on May 6, citing 'great progress' in negotiations. On May 7, Trump told reporters: 'We've had very good talks over the last 24 hours, and it's very possible that we'll make a deal.' The Carnegie Endowment and other analysts noted that Iran's nuclear question — including verification of its remaining enrichment capacity — remained the central unresolved sticking point in the emerging framework.