The United States and Iran are reportedly close to finalizing a memorandum of understanding that would extend their ceasefire by 60 days and establish a framework for discussions on Iran's nuclear program. President Donald Trump indicated a 50:50 chance of reaching a deal or resuming military actions, emphasizing the urgency of the negotiations. Iranian officials have signaled a narrowing of differences, with Foreign Ministry spokesperson Esmaeil Baqaei stating that they are working on a draft agreement composed of 14 clauses. He mentioned that the details of the agreement could be discussed within 30 to 60 days, aiming for a final resolution soon. U.S. Secretary of State Marco Rubio noted progress in the talks, highlighting that both sides are reviewing a draft prepared with input from Pakistan and Qatar, which played a mediating role. Despite the optimism, both nations have reiterated their key positions and the potential risks of renewed hostilities, particularly concerning the strategic Strait of Hormuz.