On Mar. 8, female members of the Iranian Red Crescent stand wearing masks as smoke rises from a fire following a nighttime airstrike on the Sharan refinery in northwestern Tehran./Courtesy of AFP Yonhap News

A Saudi Arabia state-run outlet reported that the United States and Iran have drafted a cease-fire agreement and could reach a deal within hours.

Saudi Arabia's state-run broadcaster Al Arabiya reported on the 22nd (local time) that it had exclusively obtained a draft of the agreement prepared between the U.S. and Iran.

According to the report, the draft agreement between the United States and Iran includes the following: ▲ an immediate, comprehensive and unconditional cease-fire on all fronts ▲ a ban on strikes against military, civilian and economic infrastructure ▲ a halt to military operations and information warfare ▲ respect for sovereignty and territorial integrity and a stop to interference in internal affairs. It is also said to include guarantees of freedom of navigation in the Gulf, the Strait of Hormuz and the Gulf of Oman; monitoring of implementation and joint procedures for dispute resolution; the opening of negotiations on unresolved issues within seven days; gradual sanctions relief depending on Iran's compliance; and the agreement taking effect immediately after its official announcement.

There were also reports that Pakistan, which is mediating the peace talks, and Qatar, which is supporting the negotiations, sent high-level officials to Tehran, Iran. Iranian local media reported that Pakistan's army chief, Asim Munir, departed for Tehran. Reuters, citing related sources, said the Qatari negotiating team arrived in Tehran the same day. If these reports are accurate, the cease-fire agreement between the United States and Iran appears to be making progress.

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