US and Iran near deal to end war and start nuclear talks, easing shipping restrictions.

The US is close to finalizing a memorandum of understanding (MOU) with Iran to end the ongoing war and begin comprehensive nuclear negotiations. The agreement includes a 30-day period to discuss lifting Iran's shipping restrictions and the US naval blockade, with potential talks in Islamabad or Geneva. If talks fail, the US may reinstate the blockade or military action. The uranium enrichment moratorium duration is still under negotiation, possibly lasting at least 12 years. This development follows President Trump's pause of a military operation escorting ships through the Strait of Hormuz amid progress in peace talks.