New Delhi, May 25 -- Iran and the US are reportedly closing in on a peace deal, top leaders from both sides suggested in the past few days. However, they are yet to agree upon a memorandum of understanding as differences "over one or two clauses of the possible memorandum of understanding still persist."

Here's all you need to know about the latest US-Iran peace deal negotiations, what authorities are saying, and what's being negotiated.

1. US President Donald Trump said on Sunday that the deal with Iran is not "fully negotiated yet". In posts on Truth Social, he said, "The negotiations are proceeding in an orderly and constructive manner, and I have informed my representatives not to rush into a deal in that time is on our side."

He s...