Iran’s foreign ministry says it is actively reviewing a memorandum of understanding proposed by the United States, a diplomatic development that has sent Bitcoin climbing above $82,000 for the first time in three months.
The one-page document contains 14 points designed to formally end the regional conflict that began on February 28, 2026. If finalized, it would trigger a 30-day window of extended negotiations covering some of the most consequential issues in Middle Eastern geopolitics: navigation rights in the Strait of Hormuz, limits on Iran’s nuclear enrichment program, and the possible lifting of US sanctions.
What’s actually in the deal
Iranian Foreign Ministry spokesperson Esmaeil Baghaei confirmed that Tehran is evaluating the proposal and expects to deliver its response through Pakistani intermediaries within one week.
On the American side, negotiations have involved both direct and indirect channels, with US Special Envoys Steve Witkoff and Jared Kushner leading the effort. As of May 6, 2026, US officials have expressed optimism about reaching an agreement in the near term.
