Iran-US Draft Deal: After a prolonged conflict between the United States and Iran, a possible peace agreement to ease tension in West Asia appears to be nearing completion. President Donald Trump on Sunday said that a deal has been “largely negotiated” and a joint announcement by both countries is expected soon.
According to a detailed report by Axios, discussions on the reopening of the Strait of Hormuz, easing restrictions on Iranian oil exports, and negotiations over Tehran’s nuclear program are also included in the entire development. Trump confirmed ongoing talks with regional leaders and described the evolving consensus as a “Memorandum of Understanding pertaining to PEACE.” The final agreement would need approval from Iran, the US, and all participating sides, AP reported.
10 key points about Iran-US possible deal
- According to media reports, the final draft of an “interim peace agreement” between the United States and Iran has been finalized, with both countries expected to announce it soon.
- The Strait of Hormuz lies at the core of this entire peace deal. Approximately 20 percent of the world’s oil trade passes through this crucial waterway. While the United States wants uninterrupted shipping through the route, Iran views it as a strategic strength.
- Iran’s state-run Fars News, however, rejected the US President’s claim that the Strait of Hormuz would be “reopened.” The Islamic Republic maintained that while maritime movement could increase, it would not imply “free passage,” and that the ultimate control of Hormuz would be with Tehran.
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First published on: May 24, 2026 12:34 PM IST
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Sheetal Prasad
Sheetal Prasad is a news author with 1.5 years of experience in journalism. She covers a diverse range of topics, including politics, entertainment, and trending news, ensuring her readers stay informed about the latest developments. Sheetal holds a Master’s degree in Journalism from Adamas University, West Bengal, which has equipped her with essential storytelling skills. Previously, she worked as a news journalist at Odisha TV. In addition to her articles, Sheetal manages a live blog that offers real-time updates on breaking news and trending stories. This interactive platform allows her audience to engage with the news as it unfolds, enhancing their understanding of significant issues. Every article she writes is rigorously verified by the News Desk team before publication, ensuring accuracy and reliability. Sheetal is committed to delivering trustworthy information, making her a dependable source for readers seeking quality content. When she’s not writing, Sheetal enjoys creating content for her YouTube channel and watching podcasts and interviews with renowned personalities. You can connect with her on Instagram for more insights and updates.
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