In a recent post on Truth Social, President Donald Trump stated that a deal to end the conflict with Iran is expected to be signed on Sunday, which would lead to the immediate reopening of the Strait of Hormuz. This strait is vital for global oil transportation, and its reopening could ease supply concerns in the market.
Trump indicated that the U.S. plans to collaborate with Iran on removing enriched uranium, although the timeline for this action remains unspecified. He expressed optimism about future relations with Iran and the broader Middle East but also included a warning about potential consequences if Iran does not comply with U.S. demands.
Pakistani Prime Minister Shehbaz Sharif noted that the U.S. and Iran are closer to a peace deal than ever, suggesting that technical discussions are planned for the following week. However, Iranian officials have expressed caution regarding the deal's timing, and a senior Trump administration official mentioned that there is not complete confidence in the agreement being finalized.
If successful, the deal could provide Iran with significant economic relief while promoting long-term peace in the region