Pakistan, May 6 -- United States and Iran are moving closer to a breakthrough agreement aimed at ending the two-month-long conflict in the Gulf, with officials indicating that a concise memorandum could soon be finalised. Moreover, the development signals a possible turning point after weeks of escalating military and economic tensions.

According to sources familiar with the discussions, both sides are working on a one-page, 14-point memorandum that would formally declare an end to hostilities and initiate a structured negotiation period. Consequently, the proposed framework is designed to quickly halt fighting while allowing time for more detailed agreements to follow.

In addition, the draft proposal reportedly includes key provisions ...