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There is indirect contact and channels between the two sides - but a deal may still be a long way off.
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What exactly is going on behind the scenes? Should we believe that peace in the Gulf is just around the corner? Or are both sides settling in for a costly, protracted war that will keep energy prices high, affecting the whole world right through the summer?
Messages are certainly being passed from the US to Iran, but indirectly, via intermediaries like Pakistan that enjoy good relations with both governments.
That, of course, is not the same as "negotiations", which might explain why an Iranian military spokesman has flatly denied they are taking place.
There is indirect contact and channels between the two sides - but a deal may still be a long way off.
The signs are that we are now entering into a situation not dissimilar to the logjam over ending the Russia-Ukraine war. Both sides say they want it to finish, but on their terms, which are still far apart from what the other side will accept.
When this war started, on 28 February, there were high hopes in Washington and Jerusalem that the overwhelming military superiority enjoyed by both these two nations over Iran would result in the inevitable collapse of the Islamic Republic.
Failing that, Iran, already in dire straits economically, would be brought to its knees and sue for peace on America's terms.
That has not happened. So what the US and Israel want, they may not necessarily get, as every day the Iranian regime survives it feels more emboldened.
Details of a proposed US 15-point plan, published by Israel's Channel 12 network, include an end to Iran's nuclear programme, an end to its ballistic missile programme, and an end to Iran's support for "proxy militias" like the Houthis in Yemen and Hezbollah in Lebanon.
In return, Iran would get sanctions relief and some shared control over the Strait of Hormuz.
Initially, Iran flatly rejected the US 15-point plan, calling it "excessiv
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