The United States and Iran are nearing a potential agreement to conclude their two-month conflict, with Iran expected to deliver its response to US mediators regarding a peace proposal. The proposal, a 14-point memorandum, suggests that Iran may pause its nuclear enrichment activities, while the US would consider lifting sanctions and releasing billions in frozen assets. Additionally, both nations could ease restrictions in the Strait of Hormuz, a vital oil shipping route. President Donald Trump indicated that if Iran agrees to the terms, the ongoing military operation, termed the Epic Fury, would cease. However, he also warned that failure to reach an agreement could lead to escalated military actions. French President Emmanuel Macron has urged for the immediate reopening of the Strait of Hormuz following discussions with Iranian President Masoud Pezeshkian about the rising tensions in the region. Meanwhile, Iranian Foreign Minister Abbas Araghchi met with Chinese Foreign Minister Wang Yi to secure continued diplomatic and economic support from China during these negotiations.