JAKARTA - Negotiations between the United States and Iran could resume in the Pakistani capital, Islamabad, as early as next week.
Citing a number of sources, the Wall Street Journal (WSJ) report said the two parties together with the mediator were trying to formulate a one-page memorandum of understanding containing 14 points that would establish a negotiating framework for a month to end the war.
The draft document will include discussions on Iran's nuclear program, easing tensions in the Strait of Hormuz, and the possibility of handing over Iran's enriched uranium reserves to other countries, although a number of key issues have not been resolved.
The report said the level of reduction of sanctions against Iran was still being debated and could potentially hinder negotiations.
If negotiations progress, the initial one-month period can be extended based on a mutual agreement.
Tensions have been rising in the region after the US-Israel on February 28 launched an attack on Iran, which then launched a retaliatory attack.
The war has disrupted shipping in the Strait of Hormuz, a vital route for global oil and gas supplies.
On April 8, a ceasefire was agreed to with Pakistani mediation, but the first phase of peace talks in Islamabad on April 11 failed to produce a long-term deal.
US President Donald Trump then extended the ceasefire indefinitely.
However, since April 13, the US has blocked Iranian maritime traffic in the strategic waterway.
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