The United States and Iran are reportedly on the verge of a historic peace agreement aimed at ending their long-running conflict. Both Washington and Tehran have indicated positive signals regarding the potential deal as of Friday, June 12th. A senior US administration official confirmed that both sides have agreed to a draft of the agreement, with a preliminary signing expected within days. The potential agreement suggests a significant shift towards de-escalation after a period of heightened tensions and proxy conflicts. Details of the agreement remain undisclosed, but it represents a major diplomatic breakthrough. Reuters reported on the developing situation, highlighting the possibility of a cessation of hostilities. This development offers a potential path towards stability in the region.