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A potential peace deal between the United States and Iran, aimed at ending a war that began in February, was reportedly nearing completion, with Pakistan acting as a mediator. Pakistani Prime Minister Shehbaz Sharif announced on Saturday that both sides had agreed on a framework for a peace deal and that an electronic signing was scheduled for Sunday, to be followed by technical talks.

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We are closer to a peace deal than ever before.

President Donald Trump also indicated on social media that the deal was set to be signed on Sunday, adding that the Strait of Hormuz, a critical global oil supply route, would be immediately reopened. However, Iran's Foreign Ministry spokesperson, Esmaeil Baghaei, cautioned against premature announcements, stating, "We will have to wait and see about the exact date of the signing of the memorandum of understanding, although it will not be tomorrow." He noted that while a signing in the coming days was possible, caution was necessary due to the other side's hesitation.

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We will have to wait and see about the exact date of the signing of the memorandum of understanding, although it will not be tomorrow.

A US official, speaking anonymously, described the deal as "great" and "very strong" but declined to comment on the specific timing. This development follows previous instances where an initial agreement seemed imminent. The war, which began with joint US-Israeli strikes on Iran, has significantly increased global energy prices and resulted in thousands of casualties, primarily in Iran and Lebanon, where it reignited conflict between Israel and Iran-aligned Hezbollah.

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It's a great deal and a very strong deal.

Iranian Foreign Minister Abbas Araqchi had previously stated that while the tentative agreement showed Iran emerging stronger, changes were still possible. The situation remains tense, with US forces having shot down multiple Iranian drones heading toward the Strait of Hormuz, which Iran has been blockading. The proposed memorandum reportedly includes reopening the strait and lifting the US naval blockade, with negotiations on Iran's nuclear program to follow.

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Iran is going to open up the Strait of Hormuz, that's a requirement. It could be open with no tolls. As they do that, we will lift our blockade.