US-Iran Peace Deal Could Be Signed Soon, According to Axios

DUBAI — A report from Axios suggests that the United States and Iran are close to signing a memorandum of understanding that would reopen the Strait of Hormuz without tolls and provide Iran with sanctions relief based on compliance.

The MoU would extend the current ceasefire for 60 days, including in Lebanon, and establish a framework for nuclear negotiations. A second, more comprehensive agreement would be needed for concrete action on Iran’s nuclear program.

“The US and Iran have agreed on the text of a deal,” a diplomat from one of the mediating countries told Axios, though the deal still requires final approval. As of Thursday evening, it had been approved at high levels on the Iranian side but likely not yet by Supreme Leader Mojtaba Khamenei.

President Donald Trump said an agreement could be signed within days, adding that he had “canceled the scheduled strikes and bombings against Iran this evening” after threatening to hit the country’s oil and gas infrastructure.

However, Iran’s foreign ministry spokesman Esmaeil Baqaei said Friday that Tehran “had not reached a final conclusion on the agreement.” He added that “most of the text was finalized, but the problem began when the US side made new demands and changed its positions.”

Axios noted that the White House has thought a deal was close several times over the past two months, only for talks to collapse. A senior US official said one option could be down‑blending Iran’s highly enriched uranium inside the country under UN supervision.

If agreed, the deal — mediated by Qatar and Pakistan — would be called the Islamabad agreement. “We are working with the parties to put the final touches on the deal and set a date for the signing ceremony,” the diplomat said.

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