The United States and Iran have reportedly agreed on new diplomatic proposals aimed at ending ongoing regional tensions, with a formal announcement expected within the next 24 hours, according to a report by The Washington Times.

The newspaper said negotiators from both countries had approved a proposed draft agreement, which has now been sent to the top leadership in Washington and Tehran for final endorsement.

According to the report, US Vice President JD Vance, US special envoy Steve Witkoff, Jared Kushner and Iranian Parliament Speaker Mohammad Bagher Ghalibaf were among the key figures who approved the draft framework.

The Washington Times claimed the proposed deal could pave the way for ending hostilities and conflicts across multiple fronts in the region once officially announced.

The report also said Pakistan played a significant role in the diplomatic process, with Chief of Army Staff and Chief of Defence Forces Field Marshal Syed Asim Munir credited for helping narrow differences between Washington and Tehran and facilitating progress in negotiations.

The reported breakthrough comes amid intensified diplomatic engagement between the two sides over recent weeks.

Earlier, US President Donald Trump said in an interview with an American broadcaster that US and Iranian negotiators were close to finalising an agreement aimed at ending the conflict.

Trump said the proposed deal would prevent Iran from acquiring nuclear weapons and ensure proper handling of Tehran’s enriched uranium stockpile.

“I will only sign a deal in which we get everything we want,” Trump said, according to US media reports.

American media reports said the latest proposals include reopening the Strait of Hormuz, restoring certain Iranian assets and continuing diplomatic negotiations.

The developments follow the completion of Field Marshal Asim Munir’s visit to Iran, after which Iranian Foreign Ministry spokesman and negotiating team representative Esmaeil Baghaei said contacts were continuing to finalise a possible memorandum of understanding between Tehran and Washington.

Baghaei said positions between Iran and the United States had moved closer over the past week, although he cautioned that the coming days would be critical for achieving final results.

He added that Iran was currently focused on reducing regional tensions and ending the war, while diplomatic engagement on multiple issues continued.

According to Iran’s state news agency IRNA, Baghaei said in a television interview that a Pakistani delegation arrived in Iran overnight. He noted that Pakistan’s interior minister had also been in Tehran for several days and described Pakistan as a central player in the ongoing negotiations between Iran and the United States.

Meanwhile, US Secretary of State Marco Rubio, currently visiting India, also confirmed progress in the diplomatic process.

“There may be some important developments today, tomorrow or within the next few days,” Rubio said, adding that diplomatic efforts regarding Iran were continuing at multiple levels behind the scenes.

Analysts say that if finalised, the agreement would mark a major diplomatic breakthrough in the recent Middle East crisis.