Washington DC, May 9 -- The United States and Iran could resume negotiations as early as next week in Islamabad, according to a report by The Wall Street Journal citing people familiar with the matter.

The report said both sides are working through mediators on a one-page, 14-point memorandum of understanding (MoU) intended to establish the framework for a month-long negotiating process aimed at ending the conflict.

According to the report, the proposed draft includes Iran's nuclear programme, reducing tensions in the Strait of Hormuz, and possible arrangements for transferring Iran's highly enriched uranium stockpiles to another country. However, several major issues remain unresolved.

One of the main sticking points is the scope of p...