TEHRAN/ISLAMABAD/JERUSALEM – Iran's Foreign Minister Seyed Abbas Araghchi said Friday night that the signing of a memorandum of understanding with the United States to end the conflict could take place within the next few days.

In an interview with state-run IRIB TV, Araghchi said that upon finalized, the MoU will be signed digitally by both sides in their respective countries and then announced.

He added that following the potential signing, both parties will commit not to initiate any other conflict, and will begin the second stage of negotiations, scheduled within a 60-day period, to reach a final agreement, focusing mainly on Iran's nuclear program and sanctions removal.

He stressed that Tehran insists that the only acceptable way of dealing with its highly enriched uranium will be diluting it within Iranian territory.

Araghchi also said that the potential MoU would include provisions for ending the conflict on all fronts, including Lebanon, requiring Israel to withdraw from the occupied areas.

Other key issues in the MoU include the reopening of the Strait of Hormuz, the full lifting of the US anti-Iran naval blockade, and the release of Iran's frozen assets, he noted.

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On the Strait of Hormuz, Araghchi said its management will definitely not to return the pre-conflict era. While Iran will retain sovereignty and a military presence, a legal system consistent with international law will be established, he said.

He ruled out tolls for passage but noted that charging service fees will be reasonable.

US President Donald Trump said Thursday that the United States had "just made a great settlement of the war with Iran", with an agreement expected "over the next few days".

Over recent weeks, Iran and the United States have exchanged several peace proposals through Pakistan's mediation, and have been working to finalize an MoU to end the conflict.

'Final, agreed-upon text of peace deal reached'

Writing on his X account, Pakistani Prime Minister Shehbaz Sharif said on Friday that a final and mutually agreed text of a peace agreement has been reached between the United States and Iran amid intensive mediation efforts.

"Pakistan is now working closely with both sides to finalise the next steps. Peace has never been this close as it is now," the prime minister said.

Dilution of enriched uranium in Iran

Also on Friday, Araghchi said Iran insists that the only acceptable way of dealing with its highly enriched uranium will be diluting it within Iranian territory.

'Preventing Iran from obtaining nuclear weapons'

In a statement issued by his office, Israeli Prime Minister Benjamin Netanyahu said he and Trump were in "full agreement" to prevent Iran from obtaining nuclear weapons.

"As long as I am the Prime Minister of Israel -- Iran will not have nuclear weapons," Netanyahu said.

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On the previous day, Netanyahu and Trump discussed the MoU being formed with Iran to enter negotiations during a phone call, according to Netanyahu's office.