The United States and Iran are reportedly closing in on a one-page memorandum [1] to end the ongoing war in the Gulf.

This potential agreement is critical because it seeks to stabilize the Strait of Hormuz, a strategic maritime chokepoint where the U.S. recently paused its naval mission to facilitate de-escalation [2, 3].

Pakistan has acted as the mediator in these diplomatic efforts. According to reports from May 6, 2026, the two nations are nearing a deal to cease hostilities [1]. Saudi Arabia has backed the Pakistani mediation and urged both parties to exercise restraint [3].

Recent diplomatic efforts included a historic round of face-to-face talks that lasted 21 hours [4]. These discussions followed a two-week ceasefire that was in place prior to the latest negotiations [4].

Despite the progress, reports on the outcome of these talks vary. Some sources said that the two sides are nearing an agreement [1], while others said that the face-to-face talks ended without a final deal [4].

There are also contradictions regarding the scope of the memorandum. While some reports suggest the document would end the war [1], other accounts said the current proposal does not resolve the U.S. demand that Iran suspend its nuclear program [5].

The United States and Iran are reportedly closing in on a one-page memorandum to end the ongoing war in the Gulf.

The involvement of Pakistan as a mediator and the endorsement by Saudi Arabia suggest a regional shift toward a multilateral diplomatic solution. However, the discrepancy between reports regarding the nuclear program and the finality of the talks indicates that while a military ceasefire may be attainable, the deeper geopolitical tensions over nuclear proliferation remain a significant hurdle to a comprehensive peace.