Key facts
- Iran's Foreign Ministry stated a US-Iran peace deal would not be signed on Sunday.
- Pakistan's Prime Minister Shehbaz Sharif announced an electronic signing ceremony for the deal via video on Sunday.
- US President Donald Trump's public schedule for Sunday listed no signing ceremony.
- The proposed deal includes reopening the Strait of Hormuz and lifting US naval blockades.
- Draft terms suggest the US would release frozen Iranian assets and waive sanctions on oil exports.
- Israeli Prime Minister Benjamin Netanyahu stated Israel would not be a party to the memorandum.
Iran's Foreign Ministry stated a US-Iran memorandum would not be signed Sunday, contradicting earlier statements from President Donald Trump and Pakistan's Prime Minister Shehbaz Sharif. Trump's public schedule for Sunday listed no signing ceremony, though he described the proposed deal as a major diplomatic breakthrough that would prevent Iran from obtaining a nuclear weapon.
Pakistan announced it will host an electronic signing ceremony via video on Sunday for a US-Iran peace deal, a development that conflicts with earlier statements from Iran's Foreign Ministry. Iran had indicated the memorandum signing would not take place on Sunday, citing the other side's reluctance, and denied reports of its delegation traveling to Geneva or other locations.
The proposed memorandum of understanding calls for reopening the Strait of Hormuz and lifting the US naval blockade, sources on all sides of the talks said. Draft terms indicate the US would begin releasing billions of dollars in frozen Iranian assets and waive sanctions on its oil exports, in return for Iran opening the strait. Negotiations over Iran's nuclear program would take place afterwards.
Israeli Prime Minister Benjamin Netanyahu stated his country would not be party to the agreement. Hours after remarks implying an Israeli withdrawal from occupied areas, US forces shot down multiple Iranian one-way attack drones heading toward the Strait of Hormuz.