UPDATE: US-Iran deal scheduled to be signed Sunday with Qatari mediators traveling to Tehran for final negotiations, potentially reopening Strait of Hormuz and ending hostilities that have killed thousands and disrupted global oil markets.
Qatari mediators traveled to Tehran on Sunday to finalize a deal aimed at ending the US-Iran conflict, according to regional officials familiar with the negotiations. President Trump and Pakistani Prime Minister Shehbaz Sharif said the agreement would be signed Sunday and the Strait of Hormuz would reopen immediately, though Iran's foreign ministry suggested it could take additional days. The deal would be signed electronically without an in-person ceremony.
The apparent breakthrough follows months of negotiations led by Pakistan and comes after Iran exchanged fire with the US and Israel earlier this week, threatening to rupture a fragile ceasefire in place since April 7. The war began February 28 with US and Israeli strikes across Iran and has killed thousands while virtually shutting down oil and natural gas shipments from the Persian Gulf. Under the current framework, the deal offers a 60-day period for technical discussions on thornier issues including Iran's nuclear program and frozen assets, but does not immediately resolve these disputes.
Separately, Iran's state television announced funeral ceremonies for former Supreme Leader Ayatollah Ali Khamenei, killed in the war's opening attack, will be held July 4-9 in Tehran, Qom, and Mashhad. Trump was expected to discuss demining the Strait of Hormuz during the G7 summit starting Monday, with Britain and France expressing interest in assisting with demining operations. The closure of the waterway has rocked global markets, and its reopening would mark a significant step toward stabilizing the Middle East.
Editor’s rationale — Potential structural change to major geopolitical conflict with nationwide and global economic implications (oil markets, regional stability), supported by official statements and multiple sources, though significant contingency remains on actual deal signing and implementation details.