Trump says agreement with Iran has ‘been largely negotiated’ and Strait of Hormuz will be opened

President Donald Trump said Saturday that a broader agreement between the United States and Iran has been “largely negotiated” and that the Strait of Hormuz would be reopened, signaling potential momentum toward ending the monthslong war.

“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 wrote on Truth Social.

Iran’s state-affiliated Fars news agency has disputed Trump’s characterization, reporting that the Strait of Hormuz will remain under Iranian control according to the latest version of the proposal exchanged between the US and Iran.

Recent versions of the memorandum of understanding that Trump appears close to finalizing would end hostilities with Iran while gradually reopening the Strait of Hormuz and ending the US blockade of Iranian ports, according to a person familiar with the matter.

The agreement would unfreeze some Iranian assets that are held in banks outside Iran.

And it would start a clock of at least 30 days for continued negotiations meant to resolve the remaining sticking points on Iran’s nuclear program, including what happens to Tehran’s stockpile of near-weapons-grade uranium.

Trump said final details were still being sorted, and it remained possible that some aspects of the memo could change.

Fars News said that Trump’s claims about the strait reopening are “not true” and “inconsistent with reality.”

“Although Iran has agreed to allow the number of passing vessels to return to pre-war levels, this in no way means ‘free passage’ as it existed before the war,” the outlet reported.

The deal is expected to unfold in two phases, a regional source with knowledge of the negotiations told CNN.

In the first phase, Iran will reopen the Strait of Hormuz to its pre-war status with shipping security in the region ensured, and provide assurances that it will not pursue nuclear weapons, the source said. Iran will also be allowed to resume the sale of fuel and oil.

The second phase, lasting 30-60 days, will focus on detailed negotiations over the nuclear issue and other, broader issues, the source said.

Pakistan’s Prime Minister Shehbaz Sharif congratulated Trump on his “extraordinary efforts to pursue peace,” on X early Sunday, but did not refer to any agreement or the Strait of Hormuz. Islamabad has been a key mediator in talks between Washington and Tehran.