The US and Iran are reportedly expected to finalize a peace deal by Sunday afternoon, a development that would cap one of the most volatile diplomatic efforts of the Trump presidency. If realized, it would mark the first formal agreement between the two nations aimed at ending years of hostilities.
The talks gained traction in 2026, with Pakistan acting as a key mediator. A one-page memorandum of understanding, or MOU, is said to address three core issues: a formal cessation of conflict, maritime security in the Strait of Hormuz, and a pathway for further discussions on US sanctions and Iran's nuclear program.
The Strait of Hormuz is a critical global oil chokepoint, through which roughly one-fifth of the world's petroleum passes daily. Its inclusion in the MOU underscores the high economic stakes.
Notably, the two sides have never negotiated directly. All proposals have been relayed through Pakistan. The narrow scope of the one-page deal suggests major issues, including sanctions and nuclear capabilities, will be deferred to future rounds.