TEHRAN: Iran has confirmed it is reviewing a new proposal from the United States as both sides move closer to a potential agreement to end the ongoing Gulf conflict. Sources indicate that Washington and Tehran are negotiating a concise, one-page memorandum aimed at halting hostilities while postponing complex issues such as Iran’s nuclear programme.
An Iranian foreign ministry spokesperson stated that Tehran will soon deliver its response through Pakistan, which has played a central role in mediating the crisis and facilitating communication between the two sides. Diplomatic efforts have intensified in recent days, raising hopes for a breakthrough.
U.S. President Donald Trump signaled optimism, suggesting the war could end if Iran agrees to the proposed terms. However, he cautioned that it remains too early for direct meetings to finalize an agreement. Reports suggest the draft includes 14 points focusing on ending the war first, followed by negotiations on reopening the Strait of Hormuz, easing sanctions, and addressing nuclear concerns.
The possibility of a deal has already impacted global markets. Oil prices dropped sharply, with Brent crude falling around 11%, reflecting optimism that energy supply disruptions may soon ease. The conflict had significantly affected global shipping and oil flows through the Gulf.
Despite progress, major challenges remain. The proposed memorandum reportedly avoids contentious U.S. demands such as restrictions on Iran’s missile programme and its regional alliances. It also does not immediately address Iran’s stockpile of highly enriched uranium, a key sticking point in past negotiations.
Iranian officials have emphasized the need for a fair and comprehensive agreement. Abbas Araqchi reiterated that Tehran seeks balanced terms, while some lawmakers have criticized the reported proposal as overly favorable to U.S. interests.
Meanwhile, tensions persist in the region. Recent attacks on vessels in the Strait of Hormuz highlight the fragile security situation. The U.S. had briefly launched “Project Freedom” to secure shipping routes but paused the mission amid diplomatic progress.
Analysts say the coming days will be critical. If both sides agree to the preliminary deal, it could lead to broader negotiations and potentially end months of conflict that have disrupted global energy markets.
