PANews reported on May 6th, citing Axios, that two US officials and sources familiar with the matter revealed that the White House believes it is close to reaching an agreement with Iran on a one-page memorandum of understanding to end the war and establish a framework for more detailed nuclear negotiations. The US expects to receive a response from Iran on several key issues within the next 48 hours. Sources say this is the closest the two sides have come to an agreement since the outbreak of the war. Under part of the agreement, Iran would commit to suspending uranium enrichment activities, while the US would agree to lift sanctions on Iran and release billions of dollars in frozen Iranian funds. The two sides would also lift restrictions on passage through the Strait of Hormuz. This one-page, 14-article memorandum of understanding is being negotiated by Trump's special envoys Witkov and Kushner with several Iranian officials through both direct contact and mediation. The current version of the memorandum would declare an end to the regional war and initiate a 30-day negotiation period to reach a detailed agreement that includes opening the Strait, limiting Iran's nuclear program, and lifting US sanctions. These negotiations may take place in Islamabad or Geneva. A U.S. official stated that during the 30-day period, Iran's restrictions on shipping through the Strait of Hormuz and the U.S. naval blockade will be gradually lifted. However, if negotiations break down, the U.S. military will be able to reinstate the blockade or resume military action.

Negotiations regarding the moratorium on uranium enrichment are ongoing. Three sources said the moratorium would last at least 12 years, with another suggesting 15 years as a more likely outcome. Iran had previously proposed a five-year moratorium, while the US demanded 20 years. Sources said the US wants to include a clause that would extend the moratorium if Iran violates enrichment limits. After the moratorium, Iran could resume low-enrichment levels of 3.67%. Iran will also pledge in the memorandum to never seek nuclear weapons or engage in activities related to nuclear weaponization. A US official said the two sides are discussing a clause that Iran would commit to not operating underground nuclear facilities. According to this official, Iran will also commit to a stricter inspection mechanism, including accepting surprise inspections by UN inspectors. As part of the memorandum, the US will commit to gradually lifting sanctions on Iran and releasing billions of dollars of frozen Iranian funds globally. Two sources also claimed that Iran would agree to move its highly enriched uranium overseas. This is a key US priority, but Iran has previously refused. One source said one option under discussion is to ship the material to the US.