U.S. And Iran Near Deal To End War, Reports Say

BreakingBusinessBreaking NewsU.S. And Iran Near Deal To End War, Reports SayByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorMay 23, 2026, 02:56pm EDTToplineThe U.S. and Iran were approaching a “fairly comprehensive” deal to end the ongoing war, Reuters reported citing army officials from Pakistan on Saturday, offering rare hope the two sides could come to an agreement to end the conflict that began three months ago.A plume of smoke rises from Tehran after an air strike in March. Officials in Pakistan told Reuters ongoing peace negotiations were “encouraging.”AFP via Getty ImagesKey FactsThe agreement would be a “memorandum of understanding,” a framework that would set up a longer window to negotiate another deal, Reuters reported citing Pakistani officials, who are mediating talks between the two sides.Negotiations between the U.S. and Iran were “encouraging,” the officials told the newswire, although one noted that it was still unclear if the U.S. would approve the agreement.Axios later reported an agreement was close, and was coming down to the "wording" of some points in the deal.This is a breaking story and will be updated.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video