The United States and Iran are reportedly close to signing a significant agreement aimed at ending their long-standing tensions and the ongoing war. According to a U.S. official, the proposed deal includes extending a 60-day ceasefire, reopening the Strait of Hormuz, allowing Iran to freely sell oil, and restarting talks on its nuclear program. The agreement could be announced on Sunday, though last-minute setbacks remain possible.

Under the draft memorandum of understanding, both sides would commit to a 60-day renewable arrangement. Iran would clear mines from the Strait of Hormuz to restore international shipping, while the U.S. would lift port blockades and ease some sanctions to enable Iranian oil exports. The draft also includes Iran’s pledge not to develop nuclear weapons and to suspend uranium enrichment pending further discussions. Pakistan, alongside Saudi Arabia, Qatar, the UAE, Egypt, and Turkey, has played a key mediating role.

The draft mentions a ceasefire between Israel and Hezbollah in Lebanon, which has raised concerns from Israeli Prime Minister Benjamin Netanyahu. U.S. officials emphasized that any truce would not prevent Israel from responding to new Hezbollah attacks.