Trump announces Iran deal: is an agreement imminent?

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Lerato Khumalo

Global economy under pressure

Is a deal with Iran imminent? What we know


Updated on May 24, 2026 – 11:34 p.mReading time: 5 minutes

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US President Donald Trump: More and more Republicans are doubting his policies. (Source: IMAGO/Al Drago – Pool via CNP/imago)

Will there be “good news” about the war in Iran soon? Donald Trump and his Secretary of State promised this. What we know so far.

US President Donald Trump has announced a breakthrough in negotiations to end the Iran war – and dampened the emerging hope after just one night. He had instructed his representatives “not to rush into anything,” Trump wrote on his Truth Social platform on Sunday. There should be “no errors”.

US Secretary of State Marco Rubio had previously announced in India that the world might hear “good news” in the coming hours. Trump also expressed much more confidence on Saturday.

At their core, the negotiations between the USA and Iran are initially about a so-called Memorandum of Understanding (MoU), a kind of framework agreement for further peace talks, which is said to be particularly important for the Strait of Hormuz.

Strait of Hormuz soon to open again?

As CBS reported on Sunday evening, citing a senior Trump administration official, the agreement is to be implemented in two steps. First of all, it is about the immediate opening of the Strait of Hormuz in exchange for an end to the US blockade. This will be followed by discussions about how to deal with highly enriched uranium and other parts of the Iranian nuclear program.

The US news portal Axios reported, citing a US official, that the draft envisages an extension of the ceasefire by 60 days. During this time, the strait, which is important for the global economy, would be navigable free of charge. Iran would commit to clearing the mines planted there – and at least promise never to seek nuclear weapons. In return, the US would lift the blockade of Iranian ports and grant sanctions exemptions.

The draft also makes it clear that the war between Israel and the Iranian-backed Hezbollah militia in Lebanon would end. The deal would not mean an abrupt end to the war with the withdrawal of US forces.

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Iran wants to continue to exercise control over the Strait of Hormuz. (Archive image) (Source: -/kyodo/dpa/dpa-bilder)

Nuclear program becomes the key issue

The government official said, according to CBS, that Tehran is now making “serious concessions” on points that were previously non-negotiable. The US government assumes that Iran’s supreme leader has already approved the framework of a possible deal. However, nothing has been signed yet.

Rubio had also made it clear that the nuclear program remained the real core problem. The goal is “that Iran should never have a nuclear weapon.” The Strait of Hormuz should not be under Iranian control. The planned agreement should lead to a “completely open strait” – “without fees,” said Rubio, according to the New York Times.