Iranian Foreign Minister Abbas Araghchi has said Tehran and Washington are closer than ever to an initial agreement aimed at ending hostilities and reopening the Strait of Hormuz, though he stressed that the proposed memorandum has not yet been signed.

In a televised interview, Araghchi said the agreement could be reached within “one or two days” or in the coming days if final consultations are completed. He said the proposed framework includes 14 points and that details would be shared with the public at the appropriate time.

The comments came as Pakistan-mediated efforts to finalise an Iran-US understanding continued. Reuters reported that Pakistan’s Prime Minister Shehbaz Sharif said the two sides were expected to sign an initial deal within 24 hours, while officials from both countries indicated that talks remained active.

Araghchi said the memorandum was brief in length but had been under negotiation for more than two months, with each clause reviewed several times. He urged Iranian media and commentators to avoid speculation that could affect the diplomatic process.

According to AP, the proposed arrangement is expected to focus first on ending fighting, reopening the Strait of Hormuz and setting the stage for later nuclear negotiations. The agreement has not been formally concluded, and officials have cautioned that final terms may still change.

Araghchi said Iran’s Supreme National Security Council and security institutions had been briefed during the process. He added that Iran’s armed forces had also monitored key issues, including the Strait of Hormuz and the terms for ending the conflict.

The Iranian foreign minister said Iran and Oman have sovereignty over the Strait of Hormuz and that future arrangements for managing the strategic waterway would differ from the past.

He described the proposed interim agreement as a first step, saying nuclear issues would be discussed in later phases. He also said there would be no nuclear negotiations if the interim understanding was not implemented.

Araghchi claimed Iran had emerged stronger from the conflict with the United States, while also saying the memorandum had not yet been signed and could still be amended.

The Guardian reported that the emerging framework has faced competing interpretations, with US officials saying Iran must meet obligations before receiving economic benefits, while Iran has rejected some reports about the deal’s nuclear terms.

Araghchi said ending hostilities would apply across multiple fronts, including Lebanon, and argued that opponents of an Iran-US agreement were trying to undermine the process.

A US official, quoted in media reports, said frozen Iranian funds would not be released merely for attending a meeting or signing a document. The official said economic benefits under any proposed agreement would depend on Iran fulfilling its commitments.

The deal remains pending, and both sides have indicated that further clarification will follow if the memorandum is formally approved and signed.

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