U.S. President Donald Trump speaks to reporters after stepping off Air Force One at Joint Base Andrews, Maryland, May 20, as he returns to Washington, D.C., after delivering the commmencement address to the U.S. Coast Guard Academy's 2026 graduating class. AFP-Yonhap
WASHINGTON/ISLAMABAD/NEW DELHI — U.S. President Donald Trump wrote on Saturday that a memorandum of understanding on a peace deal with Iran is "largely negotiated," as both countries and mediators in Pakistan reported progress.
Trump posted on social media that the emerging agreement would reopen the Strait of Hormuz, 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.
Trump did not say what else would be included in an agreement. "Final aspects and details of the Deal are currently being discussed, and will be announced shortly," Trump said.
Iran's Fars news agency reported early on Sunday that the agreement would allow Iran to manage the Strait of Hormuz. It said Trump's assertion that an agreement was nearly final was "inconsistent with reality."
