Washington: US President Donald Trump has said a peace agreement with Iran has been “largely negotiated”, raising hopes of a possible breakthrough after months of conflict and instability in the Gulf region.
Trump said the proposed agreement would include the reopening of the Strait of Hormuz, one of the world’s most important energy corridors.
The US president did not reveal specific details of the deal but said final aspects were still being discussed and an official announcement would be made soon.
The Strait of Hormuz has faced severe disruption since military tensions escalated earlier this year following US and Israeli strikes on Iran.
The conflict triggered attacks across the region and caused major concerns over global energy supplies because around one-fifth of the world’s oil and liquefied natural gas normally passes through the strategic waterway.
Iranian foreign ministry spokesman Esmaeil Baqaei confirmed that negotiations with the United States had shown signs of progress in recent weeks.
However, he also warned that disagreements still remain on several key issues and accused Washington of making contradictory statements during talks.
Trump said he had also spoken with leaders from Saudi Arabia, the United Arab Emirates and Qatar regarding what he described as a peace memorandum connected to the negotiations.
Pakistan has also reportedly played a role in facilitating talks between Washington and Tehran. Shehbaz Sharif praised Trump’s diplomatic efforts and said further negotiations could take place soon.
The latest developments come after weeks of uncertainty surrounding the fragile ceasefire agreed between Iran and the United States earlier this year.
Despite recent optimism, tensions remain high in the region as both sides continue discussions over sanctions, nuclear restrictions and maritime security.
Analysts say reopening the Strait of Hormuz could significantly ease pressure on global oil markets and improve energy supply stability worldwide.
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