Trump set to lift US sanctions on Iran, free billions and unlock uranium enrichment in unexpected Obama-style peace proposal
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07:27 EDT 06 May 2026, updated 10:38 EDT 06 May 2026By
PHILLIP NIETO, US POLITICAL REPORTER
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Donald Trump is on the verge of securing a sweeping peace deal with
Iran that would lift US sanctions, free billions in frozen assets and open a path to uranium enrichment, mirroring the
Barack Obama pact he spent years trashing.
A one-page, 14-point memorandum of understanding is being negotiated between senior Iranian officials and Trump envoys Steve Witkoff and
Jared Kushner. The
White House believes the memo could finalize a framework to end the war within 48 hours.
If signed, a 30-day window would open for both countries to negotiate a larger agreement covering the reopening of the Strait of Hormuz, the lifting of all US sanctions on Iran, and new limits on its nuclear program.
The deal calls for Iran to halt all uranium enrichment for 12 to 15 years with automatic extensions if Tehran violates the terms, according to Axios.
Another key provision would have the regime remove its highly enriched uranium stockpile from the country, though the memo does not specify a destination.
Trump has been at pains to avoid anything resembling the 2015 Obama deal he spent years trashing as the 'worst deal ever.' But the emerging framework echoes it in striking ways: sanctions lifted, frozen billions released and Iran capped at the same 3.67 percent enrichment level agreed to by Obama.
Oil prices plunged on news of the proposed deal with Brent crude, the global benchmark, falling by more than 10 percent to below $100 per barrel. Stock futures tied to the Dow rose 1.1 percent, S&P 500 futures surged 0.9 percent, while Nasdaq futures climbed 1.6 percent.
The Daily Mail has contacted the White House for comment.
Donald Trump is on the verge of securing a sweeping peace deal with Iran that would lift US sanctions and unlock billions in frozen assets for Tehran.
www.dailymail.com
“I think it's got a very good chance of ending, and if it doesn't end, we have to go back to bombing the hell out of them,” Trump told White House correspondent Liz Landers.
www.pbs.org
President tells Iran to accept deal to end war or face new wave of bombing at ‘much higher level and intensity’
www.theguardian.com
Do not know how credible the daily mail is