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 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. 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 he was hopeful a memorandum of understanding “could happen within the next 1 or 2 days, or within the next few days.” However, Iran’s Foreign Ministry spokesman Esmail Baghaei said the “possibility of it being signed in the coming days cannot be ruled out,” but cautioned against making statements about the process due to the other side’s inconsistency.

US Perspective

President Trump told Axios 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 a US-Iran deal would bring economic relief to the nation, resulting in lower energy prices for Americans.

Original reporting: Dallas TX News (HLL/CB) — read the source article.