US President Donald Trump on Thursday announced that an agreement with Iran could be imminent. He spoke of a "memorandum of understanding" (MoU) that both sides aim to conclude in the coming days.
Iranian officials said that no draft MoU had yet been approved. However, if the United States were to accept the proposal put forward by Iran, it was likely that Iran would follow suit.
An agreement would mark the most significant diplomatic development since the Iran war began over three months ago — a conflict that has cost thousands of lives and pushed global energy prices higher.
Iran's nuclear program remains key hurdle
At the center of the US-Iran negotiations is Tehran's nuclear program, in particular the handling of what is believed to be around 400 kilograms (970 pounds) of uranium enriched to around 60%.
