Trump set to lift U.S. sanctions on Iran, free billions, and unlock uranium enrichment in unexpected peace proposal | 6 May 2026 | Donald Trump is on the verge of securing a sweeping peace deal with Iran that would lift U.S. 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 U.S. 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.