A potential ceasefire agreement between the United States and Iran is reportedly close to being finalized, based on a 14-point proposal initially presented by Tehran. Iranian state news agency IRNA reports the memorandum is nearly complete. However, the deal still requires final approval from authorized Iranian officials before it can be implemented. Details of the 14-point plan remain undisclosed, but it represents a significant step towards de-escalation between the two nations. The report suggests ongoing negotiations have yielded substantial progress. Confirmation from US officials is currently pending. The outcome hinges on Iran’s internal review and subsequent endorsement of the proposed terms.