What could be in the deal? And who is disagreeing on what?published at 16:30 BST
Tara Mewawalla
Live reporter
No official agreement has been reached between the US and Iran but President Trump said yesterday that it has been "largely negotiated". Iran's foreign ministry said that US and Iranian positions had been converging in the last week.
Here is the latest on what we've heard about a potential deal so far:
Strait of Hormuz
- Trump said the deal would include the reopening of the Strait of Hormuz
- Iran's semi-official Tasnim news agency said that traffic through the strait would return to pre-war levels within 30 days - but that it would "not return to its pre-war status"
- US Secretary of State Marco Rubio said that progress over the past 48 hours could result in a "completely open strait... without tolls"
Nuclear
- Trump said Iran "must understand" it cannot "develop or procure" nuclear weapons. Israel's Benjamin Netanyahu later added that any final deal with Iran will need to "remove the nuclear threat" - a process he says would include the removal of "enriched nuclear material" from Iran
- Tasnim said Iran has made no commitments in the draft resolution to hand over any of its nuclear material, despite western media reports to the contrary. It says talks on this issue are postponed until "after the possible end of the war"
- However, citing a US official, news site Axios reported that the deal involves draft commitments from Iran never to pursue nuclear weapons, and to negotiate over its enriched uranium
- The New York Times also reports that the proposal includes an apparent commitment from Tehran to give up its stockpile of highly enriched uranium, citing two US officials. The BBC has not been able to independently verify either of these reports
- The state-run Islamic Republic News Agency (IRNA) said the Iranian president was "ready to assure the world" that the country is not seeking nuclear weapons
US-Iran relations
- Citing a US official, Axios reports that the deal involves a 60-day ceasefire extension, with US forces staying in the region for that period and only withdrawing once a final deal is reached
- It also reports that the deal includes the US lifting its blockade on Iranian ports, issuing some sanction waivers on Iranian oil and the US to negotiate on lifting sanctions and unfreezing Iranian funds
- Another Iranian news outlet, the Islamic Revolutionary Guard Corps (IRGC)-linked Fars, says some sticking points remain, related to frozen Iranian assets and sanctions on oil and related substances











