Washington: (RightNow). The US and Iran are close to renewing a memorandum of understanding. US media reports that Pakistan, Qatar, and Oman are mediating to resolve the conflict.

These mediators believe the US and Iran are nearing an agreement to reactivate the failed memorandum. The focus of Middle East mediators is to make this agreement possible.

Negotiators from Pakistan, Egypt, and Qatar are working on clarifying the transit system in the Strait of Hormuz. They aim to resolve differences over Hormuz’s administrative procedures.

This issue is crucial for regional trade and stability. Its resolution could impact both local and global levels.

It is noteworthy that the US and Iran’s memorandum of understanding failed in the past, leading to conflicts.