The United States and Iran have moved closer to finalising a potential agreement aimed at formally ending the ongoing West Asia conflict, with U.S.President Donald Trump stating that a deal has been “largely negotiated” but still requires finalisation.

The proposed framework reportedly includes provisions such as opening up the strategically important Strait of Hormuz and easing certain sanctions during the negotiation phase.

According to Iranian media reports, the draft memorandum of understanding may include a phased process, with timelines for restoring maritime transit levels within 30 days and further nuclear discussions extending up to 60 days.However, Iranian authorities have not confirmed acceptance of any nuclear-related commitments.

Pakistan has emerged as a key diplomatic player, with Prime Minister Shehbaz Sharif expressing readiness to host the next round of Iran-US peace talks, highlighting Islamabad’s continued role in regional mediation efforts.Sharif also praised the diplomatic engagement efforts led by Washington and said Pakistan would continue to support peace initiatives in West Asia.Several regional powers, including Saudi Arabia, UAE, Qatar, Egypt, Jordan and Bahrain, were part of a call with the U.S.leadership discussing the proposed agreement.

Turkish President Recep Tayyip Erdogan also signalled support for any deal that ensures free passage through the Strait of Hormuz, citing potential benefits for regional stability and the global economy.U.S.officials, including Marco Rubio, indicated that further announcements on the situation could follow soon, reiterating that Iran must not acquire nuclear weapons capability.

Meanwhile, reports from Iranian sources also mentioned parallel developments such as sanctions discussions and maritime arrangements tied to the deal.The broader context remains tense, with ongoing military and political developments across the region shaping the negotiations.