UPDATE: Trump announces Iran peace deal 'largely negotiated' including reopening Strait of Hormuz, with details emerging on uranium handover and 60-day framework for final agreement.
President Trump announced Saturday that an agreement with Iran has been 'largely negotiated' and will include reopening the Strait of Hormuz. The announcement followed calls with leaders from Saudi Arabia, the UAE, Qatar, Pakistan, Turkey, Egypt, Jordan, and Bahrain, as well as a separate call with Israeli Prime Minister Benjamin Netanyahu. Trump said final details are being discussed and will be announced shortly.
According to AP and regional officials, the U.S. and Iran are close to agreeing on a memorandum of understanding that could be finalized within 48 hours. Iran's Foreign Ministry spokesman described a 14-point framework agreement, with negotiations on key details to take place over 30 to 60 days before a final agreement is reached. The deal reportedly includes Iran's commitment not to pursue nuclear weapons and an agreement to surrender its stockpile of highly enriched uranium—approximately 441 kilograms enriched to 60% purity. Secretary of State Marco Rubio emphasized that Iran must turn over its uranium and that the Strait of Hormuz must reopen without Iranian control.
The emerging deal marks a significant shift after months of escalating tensions. The U.S. and Israel sparked the conflict with February 28 strikes on Iran that killed top officials including the supreme leader. Iran retaliated by effectively closing the Strait of Hormuz, disrupting global oil and gas supplies. The U.S. has maintained a blockade of Iranian ports since April 13, with Central Command reporting it has redirected over 100 vessels since then. While both sides signal progress, warnings remain about the fragility of negotiations, with Iranian officials cautioning against 'contradictory statements' from Washington and emphasizing that sanctions relief remains a key demand.
Editor’s rationale — High institutional impact from potential US-Iran nuclear agreement with sweeping geopolitical consequences affecting global energy markets and Middle East stability; nationwide and international scope; strong durability given ongoing negotiations; moderate novelty as primarily reporting negotiation status rather than new primary disclosures; verified through official statements from Trump, Rubio, and Iranian officials but lacks detailed primary documentation of draft agreement.