The United States and Iran are closing in on an agreement on a one-page memorandum to end the war in the Gulf, a source from mediator Pakistan and another source briefed on the mediation said.

The sources confirmed information initially reported by the U.S. media outlet Axios. The proposed 14-point, one-page memorandum would formally end the war, followed by discussions to unblock shipping through the Strait of Hormuz, lift U.S. sanctions on Iran and agree curbs on Iran¡¯s nuclear ?program.

¡°We will close this very soon. We are getting close,¡± said the source from Pakistan, which hosted the war¡¯s only peace talks so far and has continued in that role ?of mediator, ferrying ?proposals between the sides.