US and Iran moving toward memo aimed at ending war, source says
The US and Iran are moving closer to a one-page memo to end the war, according to a regional source. US energy stockpiles continue to shrink rapidly due to the supply shock caused by the war in the Middle East.
The US and Iran are nearing an agreement on a one-page memo to end the war, a regional source said. President Donald Trump warned that 'bombing starts' again if a deal is not reached. Iran's Islamic Revolutionary Guards Corps Navy said safe passage through the Strait of Hormuz is possible under 'new procedures'. US energy stockpiles are shrinking rapidly due to the supply shock caused by the war. Inventories of distillate fuels, including diesel, fell by 1.3 million barrels last week. The Strategic Petroleum Reserve decreased by 5.2 million barrels last week.
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