ToplineThe U.S. and Iran were approaching a “fairly comprehensive” deal to end the ongoing war, Reuters reported citing army officials from Pakistan on Saturday, offering rare hope the two sides could come to an agreement to end the conflict that began three months ago.A plume of smoke rises from Tehran after an air strike in March. Officials in Pakistan told Reuters ongoing peace negotiations were “encouraging.”AFP via Getty ImagesKey FactsThe agreement would be a “memorandum of understanding,” a framework that would set up a longer window to negotiate another deal, Reuters reported citing Pakistani officials, who are mediating talks between the two sides.Negotiations between the U.S. and Iran were “encouraging,” the officials told the newswire, although one noted that it was still unclear if the U.S. would approve the agreement.If the memo is signed, further talks would begin after the Muslim holiday of Eid, Reuters reported, which begins on Wednesday and ends on Friday.Earlier on Saturday, the Financial Times reported a deal would likely extend the ceasefire between the U.S. and Iran by 60 days and set up further negotiations over Iran’s nuclear program.Axios later reported an agreement was close, and was coming down to the "wording" of some points in the deal.President Donald Trump was reportedly speaking with Gulf leaders on Saturday afternoon to review the negotiations, multiple outlets reported.What To Watch ForIt is still unclear whether President Donald Trump will approve the deal. The president has been adamant about refusing to sign a deal that would allow Iran to keep its enriched uranium or continue developing nuclear weapons—a point Iran has refused to back down from in the past. Earlier on Saturday, Trump told Axios there was a “solid 50/50” chance he would approve a deal on Sunday, or else he would "blow them to kingdom come." The president was more optimistic when speaking to other news outlets on Saturday, telling CBS News the negotiations were getting close, noting "every day it gets better and better." However, Trump again insisted he would “only sign a deal where we get everything we want,” and again threatened to restart the fighting if negotiations fell through, threatening “a situation where no country will ever be hit as hard as they're about to be hit.”