Tehran, June 13 -- Iranian Foreign Minister Abbas Araghchi said on Friday, June 12, that a proposed memorandum of understanding between Tehran and Washington could formally end the conflict and create a framework for negotiations on sanctions relief, Iran's nuclear programme and wider regional issues.

Speaking to Iranian state broadcaster IRIB, Araghchi said the proposed agreement, commonly known as the Islamabad Memorandum of Understanding after Pakistan's capital, contains 14 points across fewer than two pages. He said the document was negotiated over more than two months and reviewed by Iran's Supreme National Security Council.

The foreign minister said the proposed framework includes commitments not to initiate war, threaten the use...