Donald Trump announced Saturday that a major peace agreement with Iran is near finalization, following a high-level conference call from the Oval Office with key regional leaders. Writing on Truth Social, the U.S. president stated that a Memorandum of Understanding has been “largely negotiated,” subject to final details being settled between the U.S., the Islamic Republic of Iran, and a broad coalition of Middle Eastern and South Asian nations.
The breakthrough comes after a series of calls involving the leaders of Saudi Arabia, the United Arab Emirates, Qatar, Egypt, Jordan, Bahrain, Turkey and Pakistan's military chief. Trump also confirmed he held a separate, concurrent call with Israeli Prime Minister Benjamin Netanyahu regarding the framework, which he described as having gone “very well.”
Strait of Hormuz to Reopen
As part of the emerging deal, the strategically vital Strait of Hormuz is expected to reopen to international shipping. The waterway, through which about 20% of the world's oil passes, had been subject to heightened tensions and disruptions amid the conflict. The reopening would mark a significant easing of regional tensions and a boost to global energy markets.
Details of the Agreement
While the full text of the Memorandum of Understanding has not been released, sources indicate it includes commitments from Iran to curb its nuclear program and halt support for proxy militias. In return, the U.S. and its allies would lift economic sanctions and provide investment guarantees. The deal also reportedly addresses maritime security in the Persian Gulf, ensuring safe passage for commercial vessels.
Trump’s announcement was met with cautious optimism from world leaders. Saudi Arabia and the UAE issued statements welcoming the progress, while Iran’s foreign minister confirmed that negotiations were in their final stages. However, some analysts warn that implementation remains challenging, given deep-seated mistrust and regional rivalries.
The U.S. president emphasized that the agreement would be a “big win” for peace and stability, and that further details would be released once all parties sign off. The move is likely to feature prominently in Trump’s reelection campaign, as he seeks to showcase foreign policy achievements.
