Iranian Foreign Minister Abbas Araghchi stated that a memorandum of understanding with Washington has 'never been closer' to being finalized, urging the media not to speculate on its contents before the agreement is concluded.

US President Donald Trump, who earlier dismissed reports of a deal as 'fake news,' later reposted Araghchi's remarks, signaling a possible shift in the negotiations.

Pakistan's Prime Minister Shehbaz Sharif, whose country has mediated the talks, announced that a 'final, agreed-upon text' has been drafted, though some 'next steps' still need to be completed.

Analysts suggest that a potential deal could de-escalate tensions in the Middle East and stabilize oil markets, but the specific terms and implementation mechanisms remain unclear.

Source: www.aljazeera.com