On Saturday, President Donald Trump announced that the United States is nearing a peace agreement with Iran, which aims to end ongoing hostilities and reopen the vital Strait of Hormuz. In a social media post, Trump indicated that the preliminary agreement had been 'largely negotiated' but provided limited specifics. This announcement came shortly after Esmail Baghaei, the spokesman for Iran's foreign ministry, stated that both Washington and Tehran were in the 'final stage' of drafting a memorandum of understanding, suggesting that a mutually acceptable solution might soon be reached. However, as of Sunday morning, the exact terms of the agreement remained ambiguous, with U.S. and Iranian officials describing its elements differently. The discussions have followed a series of diplomatic efforts aimed at averting a return to full-scale war, amid escalating threats from both sides. A significant aspect of the proposed deal reportedly involves Iran's commitment to reduce its stockpile of highly enriched uranium, although how this will be executed is expected to be addressed in future negotiations concerning Iran's nuclear program. Trump has also been in contact with several Arab leaders, as well as those from Pakistan and Turkey, to finalize the memorandum pertaining to peace.