Iran-US peace talks show breakthrough as draft ceasefire deal emerges

Iran and the US are reportedly nearing a breakthrough peace deal featuring a ceasefire proposal, sanctions relief, and renewed nuclear talks, addressing the global fuel supply disruption caused by the Middle East conflict. Negotiations are centered on a 'one-page, 14-point memorandum of understanding' that could lead to a ceasefire and a 30-day negotiation window for broader talks. While a final agreement remains uncertain, diplomatic openings have influenced President Trump's recent decision to reduce military activity in the Gulf.