U.S. President Donald Trump has announced that a proposed peace agreement between the United States and Iran could be signed on Sunday, a move he says would lead to the immediate reopening of the strategically important Strait of Hormuz and mark a significant step toward ending months of regional tensions.
In a series of public statements on Saturday, Trump said the agreement would prevent Iran from obtaining nuclear weapons and restore access to the Strait of Hormuz, one of the world’s most critical maritime trade routes. The waterway serves as a major transit corridor for global oil and gas shipments, making its reopening a closely watched development for international energy markets.
According to reports, the proposed deal has been the subject of extensive negotiations involving U.S. and Iranian officials, with Pakistan playing a key mediating role. Pakistani Prime Minister Shehbaz Sharif indicated that preparations were underway for an electronic signing of the agreement within the next 24 hours, although Iranian officials have expressed caution regarding the timeline and said some issues remain unresolved.
Trump described the agreement as a major diplomatic breakthrough, stating that it would serve as a strong barrier against Iran’s pursuit of nuclear weapons while improving relations between the two countries. He also said the Strait of Hormuz would be “open to all” immediately after the agreement is finalized.
However, Iranian officials have stopped short of confirming that a final deal has been reached. Tehran has acknowledged progress in negotiations but maintains that approval procedures are still ongoing and that key details concerning its nuclear programme and sanctions relief require further discussion.
The proposed agreement reportedly includes a 60-day extension of an existing ceasefire, the reopening of the Strait of Hormuz, and the launch of additional negotiations on Iran’s nuclear activities. Discussions are also expected to address sanctions, frozen Iranian assets, and broader regional security concerns.
Financial markets have reacted positively to signs of progress. Global oil prices fell sharply this week amid expectations that renewed access to the Strait of Hormuz could stabilize energy supplies and ease pressure on international markets. Analysts caution, however, that market sentiment remains dependent on the successful implementation of any final agreement.
Despite growing optimism from Washington and mediators, uncertainty remains over the final terms and timing of the deal. Iranian officials have continued to stress that negotiations are not yet complete, underscoring that any agreement will require formal approval before it can take effect.
If finalized, the accord would represent one of the most significant diplomatic developments in the Middle East this year, with potentially far-reaching implications for regional security, global energy markets, and international trade.
