US and Iran are reportedly advancing a 14-point draft understanding that outlines a broad framework for ending hostilities, easing sanctions and opening a pathway toward a final nuclear agreement, according to Iranian outlet Mehr News, which cited a source close to the Iranian negotiating team.

Iran has reportedly agreed in principle to a US-backed deal covering the Strait of Hormuz, frozen assets and future nuclear talks, pending final approval.

The US and Iran are finalizing a draft MOU proposing a 60-day ceasefire, reopening the Strait of Hormuz, and sanctions relief while excluding missile talks.

A draft agreement between Iran and the United States has been published. This accord proposes an immediate and permanent end to fighting on all fronts, including in Lebanon. It…