The U.S. and Iran are reportedly trying to hammer out the details of one-page memorandum to end hostilities, the latest back-and-forth amid the stalemate over the months-long conflict. The

By Ariba Shahid, Steve Holland and Alexander Cornwell ISLAMABAD/WASHINGTON/TEL AVIV, May 6 (Reuters) - Iran said on Wednesday it was reviewing a new U.S. proposal, after sources said Washington and Tehran were closing in on a one-page memorandum to end the war in the Gulf while leaving tricky issues such as Iran's nuclear programme for later.

With the U.S and Iran considering a potential deal to end the war we turn to two or our experts. Alan Eyre of the Middle East Institute was a senior member of the Obama administration's negotiating team for the previous Iran nuclear deal.

Stocks rose and oil prices plunged on news reports signaling the U.S. and Iran could soon strike an agreement to end the war.

On CNN, New York Times' columnist Nicholas Kristof discussed the possibility for an Iran deal: NICHOLAS KRISTOF: I think President Trump is clearly underestimating what they can get. You know, there is a nuclear deal that is possible,

The PHLX Gold/Silver Sector (^XAU) is climbing roughly 8% this morning as a wave of buying hits both bullion and the equities that mine it. Spot gold is trading near $4,695 an ounce, up about 3%, while silver is jumping a sharper 5.

Tehran and Washington remain at an impasse in negotiations, with arguments over nuclear matters and the Strait of Hormuz raging on.

President Donald Trump made his position clear — if there is no deal with Iran,  “the bombing starts.” The president took