US President Donald Trump has announced that the United States and Iran are expected to sign a peace agreement on Sunday, a move that could ease tensions in the Middle East and restore unrestricted passage through the Strait of Hormuz.
In a post on Truth Social on Saturday, Trump said: "The deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL."
The announcement follows weeks of conflict that disrupted regional stability and heightened concerns over global oil supplies, particularly through the strategic Gulf waterway.
However, Iran's Foreign Ministry spokesman, Esmaeil Baghaei, offered a different timeline, saying the agreement would not be signed on Sunday but could be finalised in the "coming days."
Pakistan, which has played a key mediation role in the negotiations, expressed optimism over the progress. Prime Minister Shehbaz Sharif described the agreement as "ready for signatures" and said it could be concluded "very shortly."
Trump also signalled plans for broader cooperation with Tehran while maintaining Washington's position on Iran's nuclear programme.
In a separate statement, he said: "When all is calm, we will get the Nuclear Dust. Downblend and destroy it, whether in Iran, or the United States."
He added: "Hopefully, this process will all work out quickly, easily, and smoothly. If it doesn't, we have the ultimate alternative, hopefully never to be used again!"
Energy markets are closely monitoring developments, as a successful agreement could reduce geopolitical risks, ease pressure on global oil supply routes and support further stability in crude prices after recent volatility driven by the conflict.