A deal with Tehran was "very possible," according to US President Donald Trump, who also threatened to destroy Iran once more if talks broke down. Trump's upbeat comments of a diplomatic breakthrough coincided with the US's proposal for a one-page memorandum of understanding that may end the three-month global anguish and pave the way for longer-term talks.
Iran's chief negotiator warned that Washington was attempting to compel the Islamic republic's "surrender" in response to a new US proposal, but Iran has yet to reply. However, according to American website Axios and news agency Reuters, the adversaries were "closing in on a one-page memo to end their war" in the Middle East and "set a framework for more detailed nuclear negotiations."

The sources told Axios that although nothing has been agreed upon yet, this was the closest the two sides had been to a deal since the start of the conflict. Within the next 48 hours, Washington negotiators anticipate Tehran's answers on a number of crucial issues.
The one-page paper, which has fourteen important points, has been leaked by Washington and negotiator Pakistan, while Iran has spoken very little about it. Iran's foreign minister, Abbas Araghchi, stated that Tehran will only accept "a fair and comprehensive agreement," without specifically addressing the draft document. Despite weeks of Israeli and US bombing, Tehran still appears to have the diplomatic upper hand.

A clause in the memo
According to Axios, the agreement would include the US waiving sanctions and releasing billions of Iranian cash that have been frozen, Iran pledging to a pause on nuclear enrichment, and both sides easing limits on passage via the Strait of Hormuz.
The memorandum has been purposefully kept small in its current form, serving as a framework rather than a whole treaty. According to Axios, it would announce the end of the conflict in the area and initiate a 30-day period of talks on a comprehensive deal on important concerns on both sides.According to two sources, those talks might take place in Geneva or Islamabad.
According to the Axios story, the two parties are actively debating how long the uranium enrichment embargo would last. Sources estimate that it will last at least 12 to 15 years. The US had previously demanded a 20-year ban on enrichment, while Iran has suggested a 5-year one.
Additionally, the Americans wish to include a clause that would extend the moratorium in the event that Iran violates enrichment. Tehran would apparently be permitted to enrich to the low level of 3.67 percent after the timeframe expires.
According to the article, Iran would also have to promise to never pursue nuclear weapons or engage in operations related to weaponization.According to reports, the MOU also includes a paragraph committing Iran to an improved inspection regime, including quick inspections by UN inspectors, and to refrain from operating underground nuclear facilities.
The MOU demands Washington to release billions of dollars in Iranian cash that are frozen worldwide and to progressively eliminate the sanctions placed on Iran.
Additionally, according to two knowledgeable individuals, Iran would have to remove its highly enriched uranium from the nation—a crucial US demand that Tehran has so far rejected. Moving the content to the US is one option under discussion, according to the article.

Quick Fixes
Many of the provisions outlined in the 14-point letter would be dependent on Tehran and Washington reaching a final agreement, which may lead to a resumption of hostilities or prolonged tensions in which the hot war has ceased but nothing is really settled.
According to the source, US envoys Steve Witkoff and Jared Kushner are negotiating the memorandum of agreement with a number of Iranian officials both directly and through intermediaries. This appears to be an initiative from the US, whose President Donald Trump is attempting to pull himself out of a war.

However, the Trump administration believes the Iranian leadership is currently fractured, and it may be hard to forge consensus across the moderates and hardline factions. Some US officials even remain sceptical whether an initial deal could be reached, Axios reported. 

What US Said

Trump has said that if "Iran agrees to give what has been agreed to," the war would be over, but if not, the bombing would resume "at a much higher level and intensity."

"We've had very good talks over the last 24 hours, and it's very possible that we'll make a deal," Trump later told reporters.

Trump's Secretary of State Marco Rubio also said that "we don't have to have the actual agreement written in one day.""This is quite technical and complicated. However, in order to make it worthwhile, we need a diplomatic solution that is very explicit about the subjects they are open to discussing and the degree of concessions they are prepared to make up front," he continued.
However, the State Secretary also described Iran's top officials as "insane in the brain" and stated that it was questionable if they would reach an agreement.
Iran's Response
The "US plan and proposal are still under review," according to Iranian Foreign Ministry spokesman Esmaeil Baqaei, who told local media that Tehran would inform mediator Pakistan of its stance "after finalising its views."In the meantime, Washington "is seeking, through a naval blockade, economic pressure and media manipulation, to destroy the country's cohesion in order to force us to surrender," according to Iranian parliament speaker and negotiator Mohammad Bagher Ghalibaf.