U.S. and Iran Signal Progress on Multi-Point Peace Framework Amid Ongoing Strikes

The United States and Iran have signaled significant progress toward a comprehensive agreement to end their current military conflict. While President Trump and Iranian Foreign Minister Abbas Araghchi both indicated a deal is closer than ever, Tehran has publicly hardened its stance, emphasizing that the memorandum is not yet signed and remains subject to changes. The scope of the discussions has widened from a simple ceasefire to a broader package that may include the unfreezing of Iranian assets, the lifting of U.S. blockades, and limited sanctions relief. Pakistan has taken a prominent role as a mediator, framing the potential agreement as a multi-point regional understanding rather than a strictly bilateral deal. Key components under discussion include normalizing passage through the Strait of Hormuz, though Iranian officials noted that maritime management would not simply return to the pre-crisis status quo. Notably, the Iranian nuclear file has reportedly been set aside for this phase of negotiations, as U.S. nuclear demands remain a sticking point for Tehran. Despite the diplomatic momentum, the military situation remains volatile. U.S. and Iranian forces engaged in strikes for a second consecutive night, with Washington describing its actions as self-defense. The continued combat highlights the fragility of the peace process as both sides navigate complex economic and security concessions.