The Korea Times
The United States and Iran are closing in on an agreement on a one-page memorandum to end the war in the Gulf, a source from mediator Pakistan familiar with the negotiations said. The Pakistani source said a report earlier by the U.S. media outlet Axios on the proposed memorandum was accurate. The Axios report had cited two U.S. officials and two other sources familiar with the discussions. "We will close this very soon. We are getting close," the Pakistani source said. Last month Pakistan hosted the war's only peace talks so far, and it has continued in that role of mediator, ferrying proposals between the sides. Reports of the possible agreement to end the war caused global oil prices to plunge, with benchmark Brent crude futures falling more than 8% to around $100 a barrel. Global share prices also leapt and bond yields fell on optimism of an end to a war that has disrupted energy supplies. The White House, the State Department and Iranian officials contacted by Reuters did not immediately respond to requests for comment. U.S. news channel CNBC quoted a spokesperson from the Iranian f
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