President Donald Trump announced on Saturday that a deal with Iran has been “largely negotiated” and will be revealed soon, including the reopening of the Strait of Hormuz. This major development comes after weeks of intense negotiations between the US, Iran, and other countries in the region. The agreement aims to establish a long-term peace deal and prevent Iran from obtaining a nuclear weapon.

The negotiations have involved several countries, including Saudi Arabia, the United Arab Emirates, and Qatar, with Pakistan serving as an intermediary. Trump said he had a “very good call” with the leaders of these countries to discuss a “Memorandum of Understanding pertaining to PEACE”. He also spoke with Israeli Prime Minister Benjamin Netanyahu, which he described as a “very well” conversation.

Iran Deal Details

The deal is expected to include the reopening of the Strait of Hormuz, a vital waterway that has been closed since the conflict began. Iran’s foreign ministry spokesman, Esmail Baghaei, said that Tehran is finalizing a memorandum of understanding with 14 points, which will serve as a framework for further talks. The US and Iran have been engaged in talks since a ceasefire was agreed upon in early April.

The US has been blockading Iranian ports since April 13, and US Central Command has redirected 100 vessels, disabled four, and allowed 26 humanitarian aid ships to pass. Iran has claimed military control of the area around the Strait of Hormuz and has said that all transit through the strait requires coordination with the Persian Gulf Strait Authority.

Implications and Next Steps

The breakthrough in negotiations is a significant development in the conflict between the US and Iran. The deal, if finalized, would prevent Iran from obtaining a nuclear weapon and establish a long-term peace agreement. Pakistan’s Prime Minister Shehbaz Sharif congratulated Trump on his efforts to pursue peace, calling the phone call “very useful and productive”.

The US and its allies have repeatedly rejected Iranian attempts to assert control over the Strait of Hormuz, and the US has told ships not to comply with Iran’s rules. The reopening of the strait would have significant economic implications, as it is a vital waterway for international trade. The outcome of the deal will have far-reaching consequences for the region and the world, and its success will depend on the ability of the parties involved to finalize and implement the agreement.