Iran is evaluating a 14-point peace proposal put forward by the United States aimed at ending the ongoing war, according to a spokesperson for Iran's foreign ministry speaking to CNBC. The spokesperson did not provide detailed public comments but confirmed that Tehran is reviewing the proposal.
Earlier reporting indicated that the two countries are close to reaching a memorandum of understanding that would halt the conflict, gradually reopen the Strait of Hormuz, and begin a 30-day period of negotiations over Iran's nuclear program. The reported framework has not yet been finalized.
There has been no official confirmation from the United States regarding the reported one-page agreement, and sources cited in the report cautioned that no deal has been formally agreed upon.

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