TEHRAN -- Iran's President Masoud Pezeshkian said on Sunday his country is fully ready to achieve a "balanced and fair" agreement with the United States that guarantees lasting peace and security in the West Asia region.

He made the remarks in a phone call with his Russian counterpart, Vladimir Putin, in which the two sides discussed the latest regional developments, and the Tehran-Washington talks in the Pakistani capital Islamabad over the weekend, according to a statement published on the website of his office.

Pezeshkian said Iran's red lines are its national interests and people's rights, adding if the United States remains committed to international legal frameworks, an agreement will be within reach.

He voiced Iran's readiness to cooperate with its neighbors to ensure peace and security in the region without transregional states' presence and interference.

Putin, for his part, highlighted his country's support for diplomatic processes to politically resolve the ongoing crisis, expressing Russia's readiness to use its capacities to help find a political and diplomatic solution to the tension in the region and continue active contacts and consultations to that end.

The Russian president underlined the Iranian side's "rightful" demands, including the need for receiving compensation for the damages sustained during the war with the United States and Israel as well as long-term security guarantees for the non-repetition of the "aggression."

On Feb 28, Israel and the United States launched joint attacks on Tehran and several other Iranian cities, killing Iran's then Supreme Leader Ali Khamenei, along with senior military commanders and civilians. Iran responded by launching waves of missile and drone strikes targeting Israel and US bases and assets in the Middle East.

A two-week ceasefire between Iran and the United States took effect on Wednesday, followed by the holding of lengthy talks between the Iranian and US delegations in Islamabad, which failed to lead to an agreement.