An Iranian police officer stands before a billboard depicting US President Donald Trump gagged by a blue ribbon in the shape of the Strait of Hormuz in Tehran, Iran [File: Majid Saeedi/Getty Images]By Al Jazeera Staff, AFP and ReutersPublished On 24 May 202624 May 2026
United States President Donald Trump says a memorandum of understanding on an agreement with Iran has been “largely negotiated” and would reopen the Strait of Hormuz, the vital oil chokepoint closed since the US and Israel launched their war in February.
Prime Minister Shehbaz Sharif of Pakistan, the mediator in the talks, said the next round of negotiations between the US and Iran will happen “very soon”.
Pakistani Foreign Minister Ishaq Dar said on Sunday that “meaningful progress” had been achieved, offering grounds for optimism that a positive and durable outcome is within reach.
However, Iran’s Fars News Agency pushed back on some of Trump’s claims, reporting that the draft agreement would leave Iran in charge of the strait and calling Trump’s assertions “inconsistent with reality”.
Meanwhile, Israeli Prime Minister Benjamin Netanyahu is expected to hold a security cabinet meeting this evening to discuss the potential deal, Israeli media reported.
