India, May 7 -- The United States and Iran are reportedly moving closer to a possible agreement aimed at ending the ongoing conflict, with negotiations now centred around a proposed "one-page memorandum" that could pave the way for formal diplomatic talks.

According to reports, the proposed framework contains 14 points designed to halt hostilities and begin a 30-day process to resolve key disputes, including Iran's nuclear programme, the release of frozen Iranian assets, and security concerns surrounding the Strait of Hormuz.

US President Donald Trump reiterated that Iran would not be allowed to possess nuclear weapons, stating before a meeting involving Secretary of State Marco Rubio that any future agreement must ensure Tehran abandon...