President Donald Trump announced that a peace deal with Iran, which includes the reopening of the Strait of Hormuz, has been 'largely negotiated.' He indicated that discussions are ongoing with leaders from Saudi Arabia, the UAE, Qatar, Pakistan, Turkey, Egypt, Jordan, Bahrain, and Israel. Trump referred to the agreement as a 'Memorandum of Understanding pertaining to PEACE' that still requires finalization among the involved nations. Notably, the negotiations do not address Iran's nuclear program, which Iran has suggested discussing at a later date. A regional official involved in mediation efforts indicated that while progress has been made, 'last-minute disputes' could jeopardize the agreement. The deal aims to officially declare an end to the ongoing conflict and includes a two-month timeline for negotiations concerning Iran's nuclear program. Iran's Foreign Ministry spokesperson stated that the focus is currently on ending the war, including conflicts in Lebanon. The situation remains delicate, with both nations warning against resuming hostilities, as the US previously halted military action to allow negotiations to proceed.