US President Donald Trump announced a major diplomatic breakthrough with Iran Saturday, declaring a peace agreement has been 'largely negotiated' and will include the reopening of the Strait of Hormuz. 'An agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries,' Trump stated on Truth Social, adding that 'final aspects and details of the deal are currently being discussed, and will be announced shortly.' The announcement followed calls with Saudi Arabia, UAE, Qatar, and other nations over a 'Memorandum of Understanding pertaining to PEACE,' which Trump called a 'very good call.' He also praised a productive session with Israeli Prime Minister Benjamin Netanyahu and endorsed Pakistan's role as mediator, with Prime Minister Shehbaz Sharif expressing 'very useful and productive' talks.

The development comes amid a dramatic shift in regional tensions. Trump revealed he had called off planned military strikes on Iran at the request of Gulf states, a move that contributed to plummeting oil prices. This follows February 28 airstrikes by US and Israeli forces that triggered Iran's retaliatory attacks across the Gulf. After a ceasefire in early April, Washington and Tehran began talks that had previously stalled, with Trump describing the truce as 'on massive life support' following rejected Iranian demands. 'We hope to host the next round of talks very soon,' Sharif added.

Iran's foreign ministry spokesman Esmaeil Baqaei acknowledged 'converging' positions between the two sides in recent days but warned 'this does not mean agreements will be reached on key issues,' accusing the US of 'contradictory statements.' Baqaei stated Iran is finalizing a 14-point memorandum of understanding, with a 'final agreement' potentially achievable within 30-60 days. Meanwhile, the US continues its blockade of Iranian ports since April 13, with Central Command reporting it has redirected 100 vessels, disabled four ships, and allowed 26 humanitarian aid ships to transit. Admiral Brad Cooper confirmed forces have 'allowed zero trade into and out of Iranian ports,' which 'has squeezed Iran economically.'

Iran claims military control over the Strait of Hormuz, requiring vessels to coordinate with the 'Persian Gulf Strait Authority,' but US and Gulf allies have rejected this, warning ships not to comply. The announcement marks a pivotal moment as Trump prepares to unveil the final deal, potentially reshaping Middle Eastern security dynamics. However, the path remains fragile, with both sides expressing cautious optimism amid ongoing disputes over nuclear safeguards and regional influence.}