The US and Iran are closer to a formal peace agreement than they’ve been in years, with negotiators working to finalize a one-page memorandum designed to end hostilities between the two countries.

A regional diplomat indicated that President Trump’s recent calls with Gulf leaders were positive and showed broad support for progress toward a deal. Trump reportedly postponed military strikes at the request of those Gulf allies.

What’s actually on the table

The core of the negotiations centers on a single-page memo meant to formalize a ceasefire and lay groundwork for longer-term peace.

The US is pushing for a moratorium on Iran’s uranium enrichment activities lasting 12 to 15 years. Iran has countered with a five-year moratorium proposal. Beyond the enrichment timeline, unresolved questions about how to handle Iran’s existing nuclear stockpiles and the sequencing of sanctions relief continue to slow things down. Iran wants full sanctions relief and guarantees for its nuclear program. Washington wants verifiable limits before any economic pressure gets dialed back.