US and Iran close to finalising peace deal New Delhi, May 06: After protracted and tough negotiations, the United States and Iran are close to finalising a deal to end the conflict. The two sides have held marathon talks for weeks to iron out their differences and arrive at a mutually acceptable framework that could pave the way for a formal agreement and long-term peace. "We will close this very soon.
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New Delhi, May 06: After protracted and tough negotiations, the United States and Iran are close to finalising a deal to end the conflict. The two sides have held marathon talks for weeks to iron out their differences and arrive at a mutually acceptable framework that could pave the way for a formal agreement and long-term peace. "We will close this very soon. We are getting close," the US source said. Washington believes it is close to reaching an agreement with Iran to reopen the Strait of Hormuz and end the war, US news outlet Axios reported Wednesday, citing two US officials. The two sides are close to agreeing on a "one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations." It is reported that the two sides have virtually reached an understanding on the most contentious issues, particularly Iran’s nuclear programme and the unblocking of the Strait of Hormuz, a crucial global oil transit route. However, a key sticking point still remains over the duration of restrictions on Iran’s nuclear activities. While Washington is insisting on a long-term freeze of around 20 years to ensure that Tehran does not develop nuclear weapons, Iran is reportedly willing to accept a shorter timeline of 12 to 15 years. This gap, though narrower than before, continues to be the main hurdle in finalising the agreement, even as both sides show flexibility on other aspects such as sanctions relief, release of frozen assets, and restoration of maritime movement in the region. According to Axios, the two sides are close to agreeing on a "one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations." It said the deal would involve Iran committing to a moratorium on nuclear enrichment and the United States agreeing to release billions of dollars of frozen Iranian funds. Washington is reportedly awaiting a response from Tehran on several key points in the next 48 hours. "
Iran will control Strait of Hormuz 'forever', former senior US official says Iran will control Strait of Hormuz 'forever', former senior US official says Submitted by Sean Mathews on Wed, 05/06/2026 - 21:15 In a Bloomberg interview, Amos Hochstein said the oil shortages that poor countries are experiencing could move to the West A woman crosses a street near a billboard on the facade of a building depicting the Strait of Hormuz with a caption in Persian reading 'Forever in Iran’s Hand', at Vanak Square in Tehran, Iran, on 6 May 2026 (AFP) Off Iran will control the Strait of Hormuz “forever”, regardless of what a peace deal between the US and the Islamic Republic says, forcing Gulf states to build new pipelines to bypass Iran’s chokehold, a former senior US official said on Tuesday. “The Strait of Hormuz is under Iranian control forever - basically for the foreseeable future,” Amos Hochstein, an energy and Middle East adviser to former US President Joe Biden, told Bloomberg. “Nobody in the market should look at what the deal says eventually and believe it on [the] straits.
US strikes Iranian tanker amid reports Washington and Tehran near deal US forces struck an Iranian oil tanker in the Gulf of Oman on Wednesday, even as Washington and Tehran appeared to move closer to a tentative agreement to end their two-month war, with US President Donald Trump warning that renewed bombing could begin if Iran rejects the proposed deal. A US fighter jet disabled the tanker by targeting its rudder as the vessel attempted to breach an American naval blockade of Iranian ports, US Central Command said in a social media post. The strike highlighted...
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