President Donald Trump is weighing whether to back a proposed memorandum that could help bring an end to the war with Iran, CNN reported, as oil prices moved lower on signs of a possible deal.
The memo is understood to outline a potential framework for ending hostilities and opening the door to renewed talks on Iran’s nuclear program, sanctions relief, and shipping access through the Strait of Hormuz.
Markets reacted quickly to the possibility of progress. Oil prices slid as traders assessed whether a diplomatic agreement could reduce the risk of disruption in one of the world’s most important energy corridors.
The proposal is not final. Any agreement would still need Trump’s approval, along with support from Iranian leaders. That leaves the memo as a possible step toward de-escalation, rather than a completed breakthrough.
For now, the talks are being watched closely by governments, energy markets, and businesses tied to global fuel costs.
