U.S. and Iran Weigh Proposed Memorandum to Formally End Conflict

The United States and Iran are reportedly nearing a one-page memorandum of understanding (MOU) to end their current military conflict. Mediated by Pakistan, the proposed 14-point framework involves a 30-day window for de-escalation, including Iran halting uranium enrichment and the U.S. lifting economic sanctions. President Donald Trump expressed optimism about the talks in an Oval Office briefing, stating a deal is \"very possible,\" though he simultaneously issued a stern warning on Truth Social that “the bombing starts” at a higher intensity if Tehran rejects the terms. On the ground, military tensions remain high despite the diplomatic activity. U.S. Central Command reported disabling an Iranian-flagged tanker in the Gulf of Oman, while Iran’s Revolutionary Guard indicated safe passage through the Strait of Hormuz would only be possible if U.S. threats cease. Meanwhile, Israeli Prime Minister Benjamin Netanyahu is engaging with U.S. officials to assess the impact of the potential deal as Israel continues targeted strikes against proxy commanders in Beirut and Gaza. The proposed agreement has already impacted global markets, with energy analysts expecting a stabilization of oil prices should the Hormuz blockade be lifted. However, internal Iranian politics remain a hurdle; parliament speaker Mohammad Bagher Ghalibaf has accused the U.S. of using media manipulation and naval pressure to force a capitulation, suggesting that finalizing the views of the Iranian leadership may still take time.