Donald Trump has circulated a draft peace agreement on the Iran conflict among allies, including Israel, as negotiations continue to stabilize a fragile ceasefire.

The proposal outlines reopening the Strait of Hormuz to commercial shipping, lifting some sanctions, releasing frozen Iranian assets, and beginning talks on Iran’s nuclear program.

While US and Iranian negotiators say they are close to a deal, key disputes remain over uranium stockpiles and enrichment limits.

Tensions remain high after recent military exchanges and competing claims over control and navigation rights in the strategic waterway, The Guardian has reported.

Despite ongoing diplomacy involving Pakistan, Qatar, and other intermediaries, officials warn the ceasefire could collapse if maritime clashes escalate.