The US and Iran are negotiating a memorandum of understanding that could end their recent conflict.
Key sticking points include reopening the Strait of Hormuz, Iran's nuclear program and frozen Iranian assets.
Major disagreements remain over the timing of sanctions relief and control of the strategic waterway.
AI-generated summary was reviewed by a CNN editor.
Iran and the United States have signaled they are closing in on an agreement to turn the existing ceasefire that ended weeks of conflict into a more long-lasting settlement.
