A US-Iran deal could be sealed within days, according to President Donald Trump, Iranian officials, and key mediator Pakistan, with a memorandum of understanding expected to reopen the Strait of Hormuz. Pakistani Prime Minister Shehbaz Sharif said early Saturday that a peace deal was closer “than ever before,” with finalization “likely expected in the next 24 hours.”

Deal Details

The memorandum of understanding would reopen the Strait of Hormuz immediately without tolls and restore prewar shipping within approximately 30 days, as well as lifting the US blockade of Iran’s ports, according to a regional source, a source familiar with the agreement and a diplomat with knowledge of the text. The agreement would include a 60-day extension of the current ceasefire, which effectively collapsed this week with both sides resuming strikes.

Iranian Foreign Minister Abbas Araghchi said Friday that he was hopeful a memorandum of understanding “could happen within the next 1 or 2 days, or within the next few days,” in an interview with Iranian state media that he posted on X. However, Iran’s Foreign Ministry spokesman Esmail Baghaei said on Saturday that “it will not be tomorrow,” according to Iranian state media, without giving a reason for the apparent shift.

US Response

Trump, who had shared Araghchi’s post on Truth Social, told Axios on Friday that he believed a deal with Iran could be signed over the weekend or Monday, while condemning what he said was fake information put out by Tehran on its contents. Treasury Secretary Scott Bessent said that a US-Iran deal would bring economic relief to the nation.

Original reporting: NBC6 Miami — read the source article.