US, Iran Weigh Potential Deal as Trump Seeks Way Out of War (1)

The US and Iran were circling around a fresh proposal to end the war on Wednesday, as President Donald Trumpsearches for an exit from a conflict that has elevated energy prices and damaged his political standing.

Washington has presented a one-page memorandum of understanding that would gradually reopen the Strait of Hormuz and lift the American blockade on Iranian ports, according to a person familiar with the measure, who asked not to be identified discussing sensitive information. Detailed negotiations over Iran’s nuclear program would come later in the process, the person said, adding that nothing has yet been agreed ...