President Donald Trump announced that negotiations for a peace deal with Iran, which includes reopening the strategically vital Strait of Hormuz, are almost complete. The announcement followed consultations with several Middle Eastern countries and Israel, signaling progress toward resolving ongoing regional tensions.

Trump described the agreement as a “Memorandum of Understanding pertaining to PEACE,” emphasizing that final technical details and formalities remain to be settled by the involved parties, including the United States, Iran, and several regional nations. His talks included leaders from Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan, Bahrain, and a separate conversation with Israeli Prime Minister Benjamin Netanyahu.

The negotiations come amid concerns about a fragile ceasefire and potential escalation of conflict. While Iran’s nuclear program and enriched uranium were notably absent from the current discussions, the focus remains on ending hostilities and stabilizing the region.

A regional official connected to Pakistan-led mediation efforts confirmed that the U.S. and Iran are close to finalizing the deal but warned that lingering last-minute disputes could still derail progress. Despite previous announcements of similar breakthroughs that did not materialize, this development marks a significant step toward peace.

The agreement, once formalized, aims to ensure secure navigation through the Strait of Hormuz, a critical shipping lane for global oil trade. The reopening of this waterway has broad implications for international energy markets and regional security.