Trump says Iran peace deal to be signed Sunday, contradicting Tehran

US President Donald Trump said a deal to end the fighting between the US and Iran is scheduled to be signed on Sunday. “The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” said Trump on Truth Social on Saturday.

Pakistan, which is mediating talks, signaled an agreement could be reached within 24 hours. The deal, a memorandum of understanding, is expected to extend the ceasefire between the US and Iran for 60 days and reopen the Strait of Hormuz; the naval blockade has choked 20% of the world’s supply of oil and liquefied natural gas, which has led to higher global asset prices and a sentiment shock that has pressured crypto markets for months.

“We are closer to a peace deal than ever before,” Pakistani Prime Minister Shehbaz Sharif said on X on Saturday.

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