Tehran, May 27 -- As tensions in the Middle East approach a critical juncture, reports have surfaced regarding a draft memorandum of understanding between the United States and Iran aimed at de-escalating the ongoing conflict, Iranian state media reported on Wednesday.

With President Trump convening senior officials to finalise a potential agreement, the proposal offers a roadmap for restoring stability in the vital Strait of Hormuz while navigating the complexities of regional military presence.

According to Iran's state television, the preliminary document outlined a multi-layered peace process designed to wind down hostilities and address the primary economic and security concerns.

Iran would restore commercial shipping through the ...