U.S. and Iran Near Deal to End War and Reopen Strait of Hormuz
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The United States and Iran are close to a deal to formally end their war, reopen the Strait of Hormuz, and begin negotiations on Iran's nuclear program. President Trump delayed a planned military strike at the request of Gulf allies, citing ongoing 'serious negotiations.' A framework agreement may be announced soon, contingent on final approval from both sides.
Facts First
- A ceasefire has held since April 7 following U.S. and Israeli attacks on Iran in February.
- President Trump postponed a planned military strike after Gulf leaders requested more time for diplomacy.
- Negotiators are finalizing a 'framework agreement' to end the war, reopen the Strait of Hormuz, and lift the U.S. blockade.
- The deal would initiate a 30-60 day negotiation period on Iran's nuclear program, sanctions relief, and the fate of Iran's uranium stockpile.
- Iran has effectively closed the Strait of Hormuz, a vital shipping lane, while the U.S. has blockaded Iranian ports.
What Happened
President Donald Trump held a conference call with leaders from Saudi Arabia, the UAE, Qatar, Pakistan, Turkey, Egypt, Jordan, and Bahrain to discuss an emerging deal with Iran. Two U.S. officials stated that Trump told the leaders he wants their nations to sign peace agreements with Israel if a deal to end the Iran war is achieved. Trump stated that a deal has been 'largely negotiated' and involves a Memorandum of Understanding pertaining to peace that requires finalization. A regional official with direct knowledge of Pakistan-led mediation efforts stated the U.S. and Iran are closing in on a deal to end the war, which would include an official declaration of the war's end, two-month negotiations on Iran's nuclear program, the reopening of the Strait of Hormuz, and the end of the U.S. blockade of Iran's ports. Iranian Foreign Ministry spokesperson Esmail Baghaei described the draft as a 'framework agreement' and stated the goal is to include main issues for ending the war and then discuss details over a 30 to 60 day period. Baghaei stated that lifting sanctions on Tehran is explicitly included in the text.
On Monday, Trump announced he was delaying a military strike on Iran that was planned for Tuesday, attributing the delay to 'serious negotiations' underway. He stated the request to call off the attack came from Middle East allies, including the leaders of Qatar, Saudi Arabia, and the UAE. Trump instructed the U.S. military to be prepared for a 'full, large scale assault of Iran' if an acceptable deal is not reached.
Why this Matters to You
If a deal is finalized and the Strait of Hormuz reopened, you may see a decrease in global oil and gas prices. The strait's closure has contributed to a spike in prices; AAA analysis shows average national gas prices have increased more than 50% since the conflict began. The reopening could ease pressure on energy costs. The deal may also lead to a more stable geopolitical environment in the Middle East, potentially reducing the risk of further conflict that could disrupt global trade and security. The ongoing negotiations and potential sanctions relief for Iran could affect international markets and diplomatic relations.
What's Next
The White House aims to resolve final differences and announce a deal soon, though a senior U.S. official stated they do not expect an agreement on Sunday and that it could take several days for the deal to receive approval from Iran's leadership. President Trump stated on Truth Social on Sunday that he told his representatives 'not to rush into a deal' and that 'both sides must take their time and get it right.' If the framework agreement is signed, the next phase will involve detailed negotiations over 30 to 60 days on issues such as Iran's nuclear program, the specific handling of its uranium stockpile, and the implementation of sanctions relief. The war between Israel and Hezbollah in Lebanon is also expected to end under the draft agreement. Congressional action regarding the war may continue; House Republican leaders postponed a vote on a war powers resolution intended to compel Trump to withdraw from the conflict after it became clear they lacked the numbers to defeat it.