U.S. President Donald Trump said on Saturday that a 'largely negotiated' memorandum of understanding on an Iran peace deal would reopen the Strait of Hormuz, though Iran disputed that claim.
Trump posted on social media that the emerging agreement would reopen the strait, the vital shipping passage whose closure upended global energy markets after the conflict started in February when the U.S. and Israel launched strikes on Iran. He did not say what else would be included.
'Final aspects and details of the Deal are currently being discussed, and will be announced shortly,' Trump wrote on Truth Social.
But Iran's Fars news agency reported early on Sunday that the agreement would allow Iran to manage the strait and that Trump's assertion was 'inconsistent with reality.'
Iran had said on Saturday it was working toward a memorandum of understanding after top officials met with Pakistan's army chief Asim Munir. The Pakistani army said the negotiations resulted in 'encouraging' progress.
Sources said the proposed framework would unfold in three stages: formally ending the war, resolving the crisis in the Strait of Hormuz, and launching a 30-day window for broader negotiations.
