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The U.S. president also mentioned that the draft agreement, which has not yet been verified, involves the reopening of the Strait of Hormuz. However, Iran claims that Trump’s statements are “incomplete and inconsistent with the facts.” There is more.

U.S. President Donald Trump states that an agreement with Iran is nearly finalized but remains “subject to completion.” Trump mentions that the preliminary deal will involve the reopening of the Strait of Hormuz. Iran, however, claims Trump’s statements are “incomplete and inconsistent with the truth.”

Here is a summary of the most recent updates from theIran warand the broader Middle East on Sunday, May 24:

Iran states it will maintain authority over the Strait of Hormuz.

Iran stated on Sunday that it would maintain control over the Strait of Hormuz, following remarks by US President Donald Trump indicating that a draft agreement involved the reopening of this vital waterway.

Iranian state media also rejected Trump’s assertion that the agreement was “mainly negotiated” as “incomplete and inconsistent with the facts.”

Earlier Saturday, Iranian Foreign Ministry spokesperson Esmail Baqaei referred to the draft proposal as a “framework agreement,” stating that an additional “30 to 60 days” would be needed to address more details before a “final agreement” could be finalized.

One fifth of the global oil and gas reserves passed through the Strait of Hormuz prior to the conflict.

Iran shut down the key route soon after the US and Israel initiated their combined operation against Iran in late February.

Over the past few weeks, Tehran and Washington have enacted mutual naval blockades in the Strait.

The complete shutdown of Hormuz has significantly impacted global energy distribution, leading to a sharp increase in oil prices and a decline in stock markets.

Trump states that the ‘largely negotiated’ agreement involves the reopening of the Strait of Hormuz.

U.S. President Donald Trump mentioned that an agreement to conclude the conflict with Iran has been “mostly finalized.”

On a post shared on his Truth Social account on Saturday, Trump mentioned that the draft deal involves opening the Strait of Hormuz, which has remained closed since the war began.

“Along with numerous other aspects of the Agreement, the Strait of Hormuz will be accessible,” Trump stated, without detailing what the deal’s “other components” involved.

“A deal has been mostly discussed, pending final agreement among the United States of America, the Islamic Republic of Iran, and several other nations,” Trump stated in the social media post.

The U.S. president mentioned that he had communicated with officials from Saudi Arabia, the United Arab Emirates, Qatar, Egypt, Jordan, and Bahrain, along with Turkey and Pakistan. He also noted that he had spoken individually with Israeli Prime Minister Benjamin Netanyahu.

“Final elements and specifics of the Agreement are currently under discussion and will be revealed soon,” Trump stated, without offering a precise schedule.

Trump’s positive remark was made several hours after he informed the US media outlet Axios that there was a “solid 50/50” chance of reaching an agreement, while warning he would destroy Iran “to kingdom come” if the negotiations collapsed.

Welcome to our coverage

Following almost three months with minimal advancement in negotiations with Iran, US President Donald Trump adopted a more hopeful tone on Saturday, indicating that an agreement was nearing completion.

Although Iran confirmed that a “framework agreement” exists, it cautioned that substantial differences remain that hinder a lasting solution to the conflict.

If verified, the agreement would conclude a period of over 12 weeks during which Pakistan-facilitated talks achieved minimal or no advancement.

The United States and Iran have been at an impasse since they reached a truce in early April.

Keep an eye out as we update you on the latest discussions between Washington and Tehran, along with other happenings in the Middle East.