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Iran · Peace Deal · Strait Of Hormuz · US
US President Donald Trump announced a peace deal with Iran is scheduled for Sunday, which would reopen the Strait of Hormuz and release $24 billion (€21 billion) in frozen Iranian assets, though Iran's Foreign Ministry denies a Sunday signing, stating negotiations continue amidst ongoing regional conflict.
Trump claims the new agreement is superior to the 2015 pact, which he exited in 2018, and promises Iran will not possess nuclear weapons. UK Prime Minister Keir Starmer welcomed progress, emphasizing the importance of durable peace and restored freedom of navigation.
Pakistani Prime Minister Shehbaz Sharif confirmed a framework agreement and an electronic signing within 24 hours, extending the April 7 ceasefire by 60 days, with nuclear program terms to be finalized during this period. However, fighting persists, with the US claiming to have downed several Iranian drones near the Strait of Hormuz, and Israel continuing to trade fire with Iran-backed Hezbollah in Lebanon, despite peace talks.
Analyst Aaron David Miller describes the current understanding as a "memorandum of understanding," a preliminary step toward complex, long-term negotiations.
