(Corrects second bullet to specify Iran is disputing Trump's claim the strait could reopen)By Asif Shahzad, Michael Martina and Ryan Patrick JonesWASHINGTON/ISLAMABAD/NEW DELHI, May 23 (Reuters) - A "largely negotiated" memorandum of understanding on an Iran peace deal would reopen the Strait of Hormuz, U.S. President Donald Trump said on Saturday, although the Iranian Fars news agency disputed that claim.

President Trump announced the unfinalized deal on social media after talks with Israel and other allies. It aims to end the war and includes two-month negotiations on Iran's…

US President Donald Trump said Saturday a deal with Iran had been "largely negotiated," with the proposal including opening the crucial Strait of Hormuz, though the agreement was…