FACTBOX - Iranian, US versions of potential agreement proposals

• Axios says draft deal includes commitments from Iran not to pursue nuclear weapons, while Iranian media indicate Tehran has not yet accepted anything on its nuclear program

Both the US and Iran have recently signaled progress on efforts to reach a deal to end their conflict, though their accounts of its terms differ on some issues across respective media narratives.

US President Donald Trump on Saturday said an agreement with Iran to end the war was "largely negotiated" and awaited finalization.

On Sunday morning, Iran's semi-official Tasnim news agency also published a report on the details of a potential agreement. However, certain aspects of what has been agreed seem to diverge.

Here is a comparison of the US and Iranian versions of the deal by key issues.

Strait of Hormuz

Citing a US official, Axios said the deal that Washington and Tehran are close to signing would extend a ceasefire by 60 days, during which the Strait of Hormuz would be reopened.

During the 60-day period, the Strait of Hormuz would be opened without any tolls, and Iran would remove the mines it has placed there to ensure unrestricted maritime passage.

In return, Washington would lift its blockade on Iranian ports, added the report.

The New York Times also said it was informed by three senior Iranian officials that Tehran had agreed to a memorandum of understanding to halt fighting and reopen the Strait of Hormuz.

US Secretary of State Marco Rubio also said on Sunday that the agreement could, if successful, result in a "completely open" Strait of Hormuz, with no tolls or restrictions on passage.

"They don't own it. It's an international waterway," Rubio told reporters of the strait, in remarks that came during his visit to India.

A report by Iran's semi-official news agency Tasnim, however, said that the Strait of Hormuz will not fully return to its pre-war status if the agreement is reached.

Instead, the number of ships allowed to pass would be restored to pre-war levels within 30 days, the outlet added.

Tehran also demands an end to the US blockade on its ports, arguing that no changes will be made in the strait if the blockade remains in place.

For its part, the US argues that the quicker Iran removes the mines and allows shipping to resume, the sooner the blockade will be lifted.

Sanctions relief and release of frozen Iranian assets

Iran was seeking the immediate unfreezing of funds and a permanent lifting of sanctions, but the US position indicates these measures would only be granted after Iran made concrete concessions, according to the Axios report.

As part of the proposed 60-day agreement, the US is offering temporary sanctions waivers that would allow Iran to sell its oil freely. These waivers are explicitly linked to Iran reopening the Strait of Hormuz, removing mines, and ending restrictions on maritime traffic. Once these steps are taken, Washington would also lift its naval blockade on Iranian ports.

Tehran, however, says no agreement will be reached unless at least a portion of the frozen Iranian assets is released immediately. Iranian media confirmed the discussion of temporary oil sanctions waivers in the latest US proposal but insisted on broader and more permanent sanctions relief.

Nuclear file

The Axios report said the draft deal includes commitments from Iran not to pursue nuclear weapons, along with provisions to negotiate a suspension of uranium enrichment and the removal of its stockpile of highly enriched uranium.

The Iranian media reports, however, indicate that Tehran has not yet accepted anything on its nuclear program.

A potential deal would involve a 60-day negotiation window on Iran's nuclear program, according to Tasnim.

Extent of ceasefire

Both US and Iranian media reports suggest that the cessation of hostilities would mean a halt to fighting on all fronts, including Lebanon.

This was also highlighted by Iranian Foreign Ministry spokesman Esmaeil Baqaei on Saturday, when he said Tehran was prioritizing an end to hostilities across all fronts, including Lebanon.

Context

Regional tensions have escalated since the US and Israel launched strikes against Iran in February. Tehran retaliated with strikes targeting Israel, as well as US allies in the Gulf, along with the closure of the Strait of Hormuz.

A ceasefire took effect on April 8 through Pakistani mediation and was later extended by Trump indefinitely. Washington and Tehran also held rare direct talks in the Pakistani capital Islamabad on April 11-12, but have failed to reach an agreement.

Trump's Saturday remarks came after Pakistani army chief Asim Munir's visit to Tehran. The visit was the second of its kind in recent weeks, as Munir is directly involved in Islamabad's mediation efforts.