Trump Claims Iran Peace Deal ‘Largely Negotiated’ as Hormuz Reopening Looms

Donald Trump declared Saturday that an Iran peace deal has been “largely negotiated,” The Guardian reported, potentially bringing the US-Israeli military campaign against Tehran to a close. The announcement, made via Trump’s social media platform, followed a series of phone calls with Gulf and regional leaders and marks a dramatic shift in a conflict that began in February.

Deal Framework Takes Shape

Trump described the agreement as a “Memorandum of Understanding” still being finalised. He said the Strait of Hormuz, a critical chokepoint for global oil shipments, would reopen as part of the arrangement. Final terms, Trump said, would be made public shortly. US special envoy Steve Witkoff, adviser Jared Kushner and Vice President JD Vance participated in the latest round of internal negotiations ahead of the announcement.

Earlier Saturday, a Pakistani source told Reuters that Iran and Pakistan had jointly submitted a revised ceasefire proposal to Washington. A regional official familiar with the Pakistan-led mediation told the Associated Press the draft deal included a formal declaration ending hostilities, a two-month window for nuclear talks, Hormuz reopening and removal of the US naval blockade on Iranian ports.

Background: A War Launched in February

The US and Israel launched strikes against Iran in February, triggering months of military escalation and a prolonged closure of the Strait of Hormuz. The waterway handles roughly one-fifth of global oil trade, and its blockage sent energy markets into sustained turmoil. Indirect negotiations between Washington and Tehran have proceeded fitfully, with Pakistan playing a central mediating role throughout.

Rubio Hinted at Breakthrough Before Post

Secretary of State Marco Rubio foreshadowed the announcement during a visit to India, telling reporters that news could arrive later in the day. Iran’s chief negotiator, speaking earlier on state television in Tehran, said his side had prepared a 14-clause framework agreement and would not surrender any national rights during talks. Iranian President Masoud Pezeshkian met with Pakistani Army Chief Field Marshal Asim Munir in Tehran on Saturday, a meeting the Iranian presidential office confirmed publicly.

Markets and Geopolitics Watching Closely

Trump also spoke separately with Israeli Prime Minister Benjamin Netanyahu, describing that call as going “very well.” He had previously warned that strikes on Iran would resume if negotiations failed, and told CBS and Axios he would only sign a deal where the US got “everything” it wanted. Significant gaps reportedly remain over frozen Iranian assets, war reparations and the sequencing of any nuclear agreement.

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