President Donald Trump has shared a draft peace agreement on Iran with Israel and other allies as part of ongoing diplomatic efforts to stabilize tensions, according to The Guardian.

The draft proposal has not been finalized and remains under negotiation among the parties involved, with officials still weighing revisions and sequencing of key provisions.

The Guardian reported that circulating draft frameworks is a common diplomatic step used to test allied support and identify sticking points before formal negotiations advance.

Vice President JD Vance said the United States is “not there yet” on reaching an agreement with Iran, but added that the parties are “close.”

Vance described negotiations as still ongoing and said remaining differences are being worked through even as he expressed cautious optimism about the prospects for a deal.

According to The Guardian, the draft framework outlines a phased approach aimed at reducing hostilities and opening broader talks between the United States, Iran and regional stakeholders.

The initial phase would reportedly focus on de-escalation, including reduced military activity alongside expanded diplomatic channels.

The draft also envisions measures to restore commercial shipping through key waterways, paired with possible sanctions relief tied to Iranian compliance with agreed steps.

Subsequent rounds of negotiations would address Iran’s nuclear program under international monitoring, though both sequencing and scope remain unresolved, The Guardian reports.

The framework further calls for broader regional security talks involving multiple actors, reflecting wider concerns about spillover from the conflict.

The Guardian reported that some Israeli and regional officials have raised concerns over elements of the proposal, particularly the timing of nuclear-related commitments and phased concessions.

The agreement has not been approved by either Washington or Tehran, and diplomatic efforts involving multiple international partners remain ongoing as discussions continue.