U.S. and Iran say they have finally reached a deal, but details are still emerging – MS NOW
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The agreement marks a major step toward de-escalation after months of regional tensions and diplomatic talks.
Iran and the United States reached a deal Sunday aimed at ending the Middle East war, according to President Donald Trump and Tehran’s deputy foreign minister, marking a major breakthrough after months of conflict and on-again, off-again negotiations.
The statements from Trump and Tehran raised hopes for an end to fighting that has left more than 7,500 dead, most of them in Lebanon and Iran, and rocked the global oil market.
“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” Trump announced on Truth Social. “Ships of the World, start your engines. Let the oil flow!”
Oil prices fell in the hours following the announcement, with U.S. crude oil tumbling nearly 5%. Stock futures rose and Asian-Pacific stock markets traded higher Monday morning as investors appeared hopeful for a long-term peace deal.
Iranian Deputy Foreign Minister Kazem Gharibabadi confirmed on Iranian state media that a deal had been reached and would be signed Friday in Switzerland. He said Iran’s agreement came after 14 hours of talks with mediators from Qatar.
Pakistani Prime Minister Shehbaz Sharif, whose country has also worked as a mediator, announced on social media that “both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon,” where Israel has been battling the Iran-backed Hezbollah militant group.
“With the agreement now in place, mediators will facilitate a series of meetings this week,” Sharif said. “These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony.”
The announcement comes after weeks of intensive negotiations mediated by regional partners after both sides had signaled in recent days that an agreement was close.
The memorandum is not a final peace treaty. Instead, it outlines commitments by both sides as negotiators work toward a broader agreement, establishing a framework for a 60-day negotiating period. That window is meant for U.S. and Iranian officials to resolve outstanding disputes and negotiate a more comprehensive agreement.
A senior administration official told reporters on a background call Friday that the framework includes commitments related to reopening the Strait of Hormuz and lifting the U.S. blockade on Iranian ports.
The proposed agreement, the senior administration official said, also calls for the dismantling of Iran’s nuclear program, with highly enriched nuclear material to be destroyed on-site by the U.S. and a guarantee of “long-term peace in the region.”
A senior Iranian official, however, told Reuters that the U.S. had agreed to allow Iran to dilute its stockpile of highly enriched uranium on Iranian soil under a final deal.
“I am somewhat concerned that Iran’s view of the agreement seems different than what the American negotiating team is claiming,” Sen. Lindsey Graham, R-S.C., said as news of the deal emerged Sunday.
The senior Trump administration official said the agreement would include Israel and Iran’s terror proxies — a notable element given that renewed attacks between Israel and Hezbollah in Lebanon on Sunday threatened to derail the deal entirely.
The war began Feb. 28 with joint U.S. and Israeli airstrikes that killed hundreds, including Iran’s longtime supreme leader, Ayatollah Ali Khamenei. Trump and others in his administration repeatedly promised it would be over in weeks and that deals to pause the fighting were imminent, only to walk back those statements.
Early in the fighting, dozens of children died when an airstrike destroyed a school. Despite reports from within the U.S. intelligence community that American forces were likely responsible, and that faulty intelligence may have played a part, the Pentagon has yet to acknowledge that, saying only that it was under investigation.
As combat wore on, Iran repeatedly fired missiles and drones at U.S. allies in the region and attacked ships trying to transit the Straight of Hormuz. Israel bombarded Beirut and other areas and sent ground troops into southern Lebanon in pursuit of Hezbollah leadership.
As gas prices in the U.S. soared, Trump’s approval ratings plummeted, piling tension on his relationship with congressional Republicans, especially those up for re-election.
Expectations for a deal had risen in recent days as officials from the U.S. and Pakistan, which has been acting as a mediator, indicated that progress was being made behind the scenes.
Though the deal is set to be signed next Friday, Trump said over the weekend that he expected a deal would be signed Sunday, which he first declared on social media a day earlier. He also shared a post from Sharif — who has played a key mediating role — announcing that an agreement was expected to be finalized “in the next 24 hours.”
Iranian officials poured cold water on the expected deal up until the last minute. Citing state media, Reuters reported Saturday that Iran’s Foreign Ministry spokesperson Esmaeil Baqaei denied that the memorandum of understanding would be signed Sunday, which also happened to be Trump’s 80th birthday.
“We will have to wait and see about the exact date of the signing of the memorandum of understanding, although it will not be tomorrow,” Baqaei said, according to Reuters.
This is a developing story. Please check back for updates.
Ebony Davis
Ebony Davis is a breaking news reporter for MS NOW based in Washington, D.C. She previously worked at CNN as a campaign reporter covering elections and politics.
Julia Jester
Julia Jester covers politics for MS NOW and is based in Washington, D.C.
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