Summary
- The US and Iran are said to be pursuing a memorandum of understanding (MOU) aimed at ending the war.
- The memorandum of understanding would set a one-month framework for negotiations and is set to become the main agenda for the next round of talks.
- Markets are watching how progress in the talks could affect the Middle East and the energy market.
Forecast Trend Report by Period
The US and Iran are discussing a memorandum of understanding aimed at ending the war, in a move that could pave the way for the two sides to resume negotiations.
The Wall Street Journal reported on May 6 that Washington and Tehran, through mediation channels, are discussing a one-page memorandum containing 14 points.
The document would set a framework for negotiations over the next month and is set to become the main agenda for the next round of talks.
The two sides could resume negotiations as early as next week in Islamabad, Pakistan, according to the report.
Iran has indicated it is willing to discuss its nuclear program, signaling a somewhat more flexible stance than before, the report said.
Still, the sides remain apart on key issues, including when uranium enrichment would stop, whether highly enriched uranium would be shipped out, who would oversee the Strait of Hormuz, and the scope of sanctions relief.
Markets are closely watching whether progress in the talks will affect the Middle East and energy markets. The resumption of negotiations and any narrowing of differences between the two sides remain key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
