Middle East Crisis Live: Fate of Strait of Hormuz Hangs in Balance as Trump Claims Iran Deal 'Largely Negotiated'

President Donald Trump announced via a Truth Social post that a peace deal with Iran has been "largely negotiated," potentially signaling an end to the war initiated in February. Trump stated he had spoken with a Pakistani mediator, Gulf allies, and Israeli Prime Minister Benjamin Netanyahu, describing the calls as having gone "very well."

According to Trump, the "final aspects and details" of a "Memorandum of Understanding" are currently being discussed and "will be announced shortly." A key element of the purported agreement is the opening of the Strait of Hormuz. However, Iran's Fars news agency, which is reportedly close to the Islamic Revolutionary Guard Corps, has countered Trump's assertion, stating that the claim of a nearly finalized agreement is "inconsistent with reality."

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Final aspects and details of the deal are currently being discussed, and will be announced shortly. In addition to many other elements of the agreement, the Strait of Hormuz will be opened.

Three senior Iranian officials, speaking to The New York Times, suggested that the agreement would halt fighting in Iran and Lebanon. They also indicated that the deal could lead to the release of $25 billion in Iranian assets frozen overseas. Furthermore, a nuclear agreement is expected to be negotiated within 30 to 60 days.

The fate of the Strait of Hormuz, a critical chokepoint for global oil transport, remains uncertain amid these conflicting reports. The announcement comes as the wider Middle East crisis continues, with the war launched by the US and Israel in February having significant regional implications.

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inconsistent with reality