Topline<\/p>\n
A peace agreement between the U.S. and Iran is scheduled for signing Sunday, President Donald Trump announced Saturday, marking a potential end to hostilities between the two countries following more than 100 days of war.<\/p>\n
Trump said Saturday the peace deal was scheduled to be finalized Sunday.<\/p>\n
Photo by Anna Moneymaker\/Getty Images)Key Facts<\/p>\n
Trump said the Strait of Hormuz, a crucial oil shipping route between the Persian Gulf and the Gulf of Oman, will be \u201cOPEN TO ALL\u201d following the peace deal\u2019s signing on Sunday.<\/p>\n
Pakistani Prime Minister Shehbaz Sharif said in a post<\/a> finalization of the peace deal is \u201clikely expected in the next 24 hours.\u201d<\/p>\n The prime minister added that Pakistan is preparing for the peace deal to be electronically signed and followed by \u201ctechnical level talks\u201d next week.<\/p>\n Trump on Thursday canceled a round of strikes against Iran before announcing an agreement was close, saying, \u201cfinal points have been, in both concept and great detail, approved by all parties involved.\u201d<\/p>\n The president and Vice President JD Vance denied<\/a> on Friday that the agreement heavily favored Iran, with Vance saying he saw \u201ca lot of fake information about a potential deal\u201d that would not involve the release of Iran\u2019s frozen assets \u201cfor simply signing a deal or attending a meeting.\u201d<\/p>\n Trump reposted<\/a> Sharif\u2019s tweet on his Truth Social profile later Saturday morning.<\/p>\n What To Watch For<\/p>\n Trump, referring to the U.S. bombing Iranian nuclear assets<\/a> last year, said if the peace deal does not work out, \u201cwe have the ultimate alternative, hopefully never to be used again!\u201d<\/p>\n What Do We Know About The U.S.-Iran Peace Deal?<\/p>\n The White House has remained vague about the terms of the deal, with Vance saying \u201ceconomic benefits will flow to\u201d Iran if it meets its obligations. Trump said Saturday the deal is \u201cA WALL TO NO NUCLEAR WEAPON!\u201d He claimed Iran no longer wants \u201ca Nuclear Weapon, nor will they have one, either through purchase, development, or any other form of procurement.\u201d Reuters<\/a> reported that under the deal, the U.S. would immediately unfreeze billions of dollars in Iranian assets and lift oil sanctions in return for the reopening of the Strait of Hormuz, a crucial oil shipping route between the Persian Gulf and the Gulf of Oman. Reuters, citing unnamed sources from Iran, the West and mediators, reported the deal would not involve an immediate commitment from Iran to end its nuclear program, with discussions about the program being delayed for 60 days.<\/p>\n Key Background<\/p>\n Trump, who has claimed victory over Iran several times throughout the last few months, said Thursday the peace deal was \u201cin pretty final shape\u201d and could be signed \u201cmaybe over the weekend, in Europe.\u201d The president also said an agreement on nuclear issues was \u201cconceptually\u201d reached. Iran\u2019s foreign ministry said Thursday no final agreement was reached and that Iran\u2019s \u201cred line\u201d in negotiations would not be moved. The U.S.-Israeli war against Iran has continued for over 100 days. Trump claimed in the early days of the war it would last roughly four to five weeks and has justified military action by claiming Iran was two weeks away from developing a nuclear weapon.<\/p>\n Further Reading<\/p>\n Trump And Vance Angrily Deny Peace Deal Favors Iran<\/a> (Forbes)<\/p>\n